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Last Updated : Nov 19, 2019 11:19 AM IST | Source: Moneycontrol.com

Prestige Estates Projects share price gains 5% after acquiring stake in DB Realtors

The share touched its 52-week high Rs 326.25 and 52-week low Rs 171.60 on 23 October, 2019 and 22 November, 2018, respectively.

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Prestige Estates Projects share price added 5 percent intraday on November 19 after the company acquired 28.99 percent stake in DB (BKC) Realtors Private Limited.

Prestige Falcon Realty Ventures Private Limited, wholly owned subsidiary of Prestige Estates Projects, has acquired 1,32,854 equity shares representing 28.99 percent (without considering other convertible instruments in the entity) of the equity share capital of DB (BKC) Realtors Private Limited from Trinity Capital.

At 1103 hrs, Prestige Estates Projects was quoting at Rs 300, up Rs 9.75, or 3.36 percent on the BSE.

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The share touched its 52-week high of Rs 326.25 and its 52-week low of Rs 171.60 on 23 October, 2019 and 22 November, 2018, respectively.

Currently, it is trading 8.05 percent below its 52-week high and 74.83 percent above its 52-week low.

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First Published on Nov 19, 2019 11:19 am
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