Prestige Estates Projects Limited — JV/Acquisition, 22-07-2025: Acquisition

Prestige Estates has fully acquired Apex Realty Ventures LLP by purchasing the remaining 40% partnership interest. This move makes Apex Realty, a real estate development firm with a turnover of Rs. 724.08 Cr in FY25, a wholly-owned subsidiary of Prestige. The acquisition involved a cash consideration of Rs. 0.4 Cr paid to the retiring partner. For investors, this strategic consolidation aims to integrate Apex Realty's significant operations, giving Prestige complete control over a key development arm and enhancing its real estate portfolio and operational synergies.