Prestige Estates Projects Limited — Capital/Financing Update 2021

Apr 16, 2021

PrestigeGROU
Add Prestige to your life
Date: April 16, 2021
To,
The General Manager	The Manager
Dept. of Corporate ServicesNational Stock Exchange of India Limited	Dept of Corporate ServicesBSE Limited
Bandra Kurla Complex	Floor 25, P J Towers
Bandra (E)	Dalal Street
Mumbai-400051	Mumbai — 400 001
NSE Scrip code: PRESTIGE	BSE Scrip code: 533274
Dear Sir / Madam,
Sub: Acquisition of 45% and 55% stake in Century Megacity and Century Landmark respectively, by
the Company
Ref: Intimation under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements)Regulations 2015
We wish to inform that the Company has acquired 45% stake in M/s Century Megacity and 55% stakein M/s. Century Landmark.
We enclose herewith the details as required under Regulation 30 of the SEBI (Listing obligations andDisclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated September9, 2015 as Annexure - .
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Prestige Estates Projects LimitedpieManoj Krishna JVCompany Secretary and Compliance Officer

Sub: Acquisition of 45% and 55% stake in Century Megacity and Century Landmark respectively, by the Company

Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

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Manoj Krishna JV Company Secretary and Compliance Officer

Prestige Estates Projects Ltd., Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : properties@prestigeconstructions.com www.prestigeconstructions.com CIN : LO7010KA1997PLC022322

Annexure - I.

Information as required under Regulation 30-Para A Schedule Ill of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 are as follows:

		aPrestige
		Add Prestige to your life ne
		Annexure - I.
		Information as required under Regulation 30-Para A Schedule Ill of the Securities and Exchange
Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 are as follows:
	Name of the target entity, details in brief	MegacityCenturypartnershipfirm
	1. suchas size, turnover etc.	1.isaBangalore,holdingNorthparcelslandin
		which will be developed as office space in
		the near future.
		LandmarkCenturypartnershipfirm2.isaNorthBangalore,holdingparcelslandin
		which will be developed as office space in
		the near future.
	Whether theacquisitionwillfall2. related party transaction(s) and whether of	within This transaction does not fall within the definitionpromoter/transaction.Therelatedparty
	promoter/promotergrouphave	companiesany promotergroup/grouphaveno
	interest in the transaction	interest in the entity being acquired.
3.	Industry to which the entity belongs to	Real Estate Development
	Objects and effects of acquisition	To undertake real estate developments
4.
	governmentalanyBriefdetailsof5. regulatory approvals required	or Not Applicable
	Indicative time period for completion of Completed on April 15, 2021
	6. the acquisition
7.	Nature of consideration	Cash consideration paid through Banking channel
		Price at which shares would be subscribed Rs.45,000/- ( Rupees Forty Five Thousand only) in
8.		Century Megacity as initial capital contribution.
		Rs.55,000/- ( Rupees Fifty Five Thousand only) in
		Century Landmark as initial capital contribution.
		Percentage of shareholding/ no. of shares 45% stake in Century Megacity and 55% stake in
9.	acquired	Century Landmark.
	backgroundbeing theentityBriefof10. acquired	MegacityCenturypartnershipfirm1.isaholding land in North Bangalore, which will
		developedspacenearbeas officethein
		future.
		LandmarkCenturypartnershipfirm2.isa
		holding land in North Bangalore, which will
		developedspacenearas officethebein
		future.

Prestige Estates Projects Ltd., Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025.

Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : properties@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322