Moneycontrol Be a Pro
Get App
Last Updated : | Source: PTI

Prestige Estates buys 28.9% stake in DB Realty's Mumbai project

Last month, Prestige Estates Projects Ltd announced a joint venture with DB Group to develop a large hotel and convention centre project at Aero City in the national capital with an investment of Rs 2,000 crore.

Representative image
Representative image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Bengaluru-based realty firm Prestige Estates has bought 28.99 per cent stake in a commercial project in Mumbai of DB Realty.  The deal value was not disclosed.

In a regulatory filing, DB Realty informed that Prestige Falcon Realty Ventures, a wholly-owned subsidiary of Prestige Estates Projects Ltd, has acquired 1,32,854 equity shares representing 28.99 per cent (without considering other convertible instruments in the entity) of the equity share capital of DB (BKC) Realtors from Trinity Capital (Ten) Ltd.

Last month, Prestige Estates Projects Ltd announced a joint venture with DB Group to develop a large hotel and convention centre project at Aero City in the national capital with an investment of Rs 2,000 crore.

Close
DB Group had acquired the development rights on the 7.70 acre land parcel in 2009 from Delhi International Airport Ltd (DIAL).

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Nov 18, 2019 09:59 pm
Loading...
Follow us on
Available On