Receive News Updates by E-Mail
Loading
Connect with us

Commercial News

Bengaluru based Prestige acquires 50% stake in Lokhandwala DB Realty

News Editor

Published

on

prestige

On Friday, Prestige Falcon Realty closed at Rs 374.45, down 0.85 per cent on the BSE.

Bengaluru-based realty firm Prestige Estate Projects on Sunday said that its subsidiary, Prestige Falcon Realty Ventures has acquired a 50 per cent stake in Lokhandwala DB Realty.

“Prestige Falcon Realty Ventures Private Limited, a wholly-owned subsidiary of Prestige Estates Projects Limited, has invested in Lokhandwala DB Realty LLP by way of capital account contribution and admitted as a partner of the LLP with 50 per cent economic and voting rights,” the company said in a regulatory filing.

On Friday, Prestige Falcon Realty closed at Rs 374.45, down 0.85 per cent on the BSE.

Source: PTI

(Note: The story has been published without modifications to the text. Only the headline and intro have been changed.)

ALSO READ: Valuation of Emami Cement may not exceed Rs 6,000 crore

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

© 2020 RealtyNXT | All Rights Reserved.