Tuesday , November 30 2021

Prestige Estate Projects gains on acquiring stake in two partnership firms

Prestige Estate Projects is currently trading at Rs. 279.20, up by 0.70 points or 0.25% from its previous closing of Rs. 278.50 on the BSE.

The scrip opened at Rs. 282.25 and has touched a high and low of Rs. 283.00 and Rs. 278.50 respectively. So far 207541 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 322.95 on 09-Apr-2021 and a 52 week low of Rs. 133.85 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 313.95 and Rs. 276.45 respectively. The current market cap of the company is Rs. 11192.06 crore.

The promoters holding in the company stood at 65.48%, while Institutions and Non-Institutions held 32.39% and 2.13% respectively.

Prestige Estate Projects has acquired 45% stake in Century Megacity and 55% stake in Century Landmark. The objects and effects of acquisition is to undertake real estate developments. The acquisition is completed on April 15, 2021.

Century Megacity is a partnership firm holding land parcels in North Bangalore, which will be developed as office space in the near future. Century Landmark is a partnership firm holding land parcels in North Bangalore, which will be developed as office space in the near future.

Prestige Estate Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

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