Prestige Estates Projects Limited — Capital/Financing Update 2019

Apr 15, 2019

April 15, 2019 April 15, 2019

The General ManagerDept. of Corporate ServicesNational Stock Exchange of IndiaLimitedSandra Kuria ComplexSandra (E)Mumbai-400051	The ManagerDept. of Corporate ServicesBSE LimitedRegd. Office: Floor 25, P J TowersDalai StreetMumbai - 400 001
Scrip Code: PRESTIGE	Scrip Code: 533274

Dear Sir/Madam,

Sub: Acquisition of balance stake in Babji Realtors Private Limited through Subsidiary Company for Rs. 363.98 Crores.

Babji Realtors Private Limited ("Target Entity") was incorporated on December 1, 2004 in the State of Hyderabad, Telangana and is the business of real estate development including developing and leasing of shopping mall. The Target Entity is the owner of "FORUM SUJANA MALL" in Hyderabad.

Earlier, Prestige Estates Projects Limited ("PEPL") through its wholly owned subsidiary Prestige Retail Ventures Limited ("PRVL") owned 49% stake in the equity shares of the Target Entity and the remaining 51% was held by the various JV partners/ shareholders.

PRVL has now acquired the entire stake of other shareholders. In view of this acquisition, the Target Entity has become the indirect wholly owned subsidiary of PEPL.

The transaction is in the ordinary course of business and has been completed at an arms' length basis for a cash consideration of Rs. 363.98 crores.

This disclosure is being issued, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

Thanking You.

Yours sincerely For Prestige Estates Projects Li

Walt ck

Chairman & Managing Director "

Bangalore it (2 560 001 did oy