Prestige Estates Projects Limited — JV/Acquisition, 07-07-2025: Acquisition

Prestige Estates Projects has announced a board meeting on the consolidation of its stakes in two partnership firms. It has acquired an additional 49% in Prestige Notting Hill Investments for Rs. 300 Cr, increasing its holding to 100%. Notting Hill owns 70% of Forum South Bangalore mall, a key retail asset. The company also acquired 48.99% in Prestige AAA Investments for Rs. 25.6 Cr, lifting its stake to nearly 100%. Both moves strengthen Prestige’s control over prime real estate assets, aiding operational integration and portfolio consolidation in real estate development.