Prestige Estates Projects Limited — Capital/Financing Update 2024

Mar 31, 2024

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Date: March 31, 2024

To,

The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE 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: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Prestige Estates Projects Limited (“ Company ”) has acquired 50% partnership interest in Prestige Realty Ventures. With this acquisition, the Company will hold 99.90% partnership interest in Prestige Realty Ventures.

Prestige Realty Ventures has developed commercial building “Prestige Techcloud’ and Hotel “Moxy - Prestige Tech Cloud” at Bengaluru.

We enclose herewith the details as required under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated September 9, 2015 as Annexure - l.

This is for your information and records.

Thanking you.

Yours faithfully,

For Prestige Estates Projects Limited

VENKATA Digitally signed by VENKATA NARAYANA NARAYANA KONANKI KONANKI Venkat K Narayana Chief Executive Officer

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

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Annexure - l.

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

1.	Name of the target entity, details inbrief such as size, turnover etc.	Prestige Realty Ventures is a partnership firmformed in 2009 and is into business real estatedevelopment.Turnover for the year ended March 31, 2023 isNIL.	Prestige Realty Ventures is a partnership firmformed in 2009 and is into business real estatedevelopment.Turnover for the year ended March 31, 2023 isNIL.
2.	Whether the acquisition will fallwithin related party transaction(s)and whether promoter/ promotergroup have any interest in thetransaction	No
3.	Industry to which the entity belongsto	Real Estate and Construction
4.	Objects and effects of acquisition	Business reasons
5.	Brief details of any governmental orregulatoryapprovals required	Not Applicable
6.	Indicativetimeperiodforcompletion of the acquisition	Completed on March 31, 2024
7.	Nature of consideration	Cash co	nsideration
8.	Price at which shares would besubscribed	Consideto be set	ration of approximately Rs. 165 Crores
			tled within the forthcoming 90 days.
9.	Percentage of shareholding/ no. ofshares acquired	50% paVenture
			rtnership interest of Prestige Realty
			s.
10.	Brief background about the entityacquired in terms of products/lineofbusinessacquired,dateofincorporation, history of last 3 yearsturnover, country in which theacquired entity has presence andany other significant information (inbrief);	PrestigeformedconstruIthas“PrestigPrestigeIt has N	Rl V i hi fi
			eaty entures s a partnersp rm
			in 2009 and is into business ofction and real estate development. deeloedcommercialbuildin
			vp g’ “
			e Techcloud and Hotel Moxy -Tech Cloud” at Bengaluru.
			il turnover duringthe last 3years.

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322