Acquisitions10 Dec 2025, 05:22 pm
Prestige Estates Projects Ltd Acquires 66.93% Partnership Interest in Bharatnagar Buildcon LLP
AI Summary
Prestige Estates Projects Ltd, through its subsidiaries Prestige Falcon Realty Private Limited and Prestige Projects Private Limited, has acquired a partnership interest in Bharatnagar Buildcon LLP. This acquisition results in Prestige Estates Projects Ltd holding 66.93% partnership interest in Bharatnagar Buildcon LLP, which is into real estate development. The transaction was completed on December 10, 2025, with a cash consideration of Rs. 938.75 crores. Bharatnagar Buildcon LLP was formed in 2011 and has a significant presence in the real estate and construction sector. Its turnover for the year ended March 31, 2025, was Rs. 3,47,272.
Key Highlights
- Prestige Estates Projects Ltd acquires 66.93% partnership interest in Bharatnagar Buildcon LLP
- Transaction completed on December 10, 2025, with a cash consideration of Rs. 938.75 crores
- Bharatnagar Buildcon LLP is a LLP formed in 2011 and is into business of real estate development
- Turnover of the target entity for the year ended March 31, 2025, is Rs. 3,47,272
- This acquisition is not a related party transaction