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Prestige Estates Projects Limited — Capital/Financing Update 2025
Jul 22, 2025
62301_rns_2025-07-22_df7e3b47-c21f-42ff-a700-0643faa1609b.pdf
Capital/Financing Update
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Date: July 22, 2025
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 Prestige Estates Projects Limited (“the Company”) wish to inform you that on July 22, 2025, the Company directly and through its wholly owned subsidiary has acquired, 40% partnership interest in Apex Realty Ventures LLP. With this acquisition, the LLP has now become wholly owned subsidiary of the Company.
In this regard, we hereby enclose the necessary details in Annexure I as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
This is for your information and records.
Yours faithfully,
For Prestige Estates Projects Limited
IRFAN Digitally signed by IRFAN RAZACK RAZACK Irfan Razack Chairman and Managing Director DIN: 00209022
Enclosed: As above
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : [email protected] 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. Details for acquisition of partnership interest in Apex Realty Ventures LLP.
| 1. | Name of the target entity, details in brief such as size, turnover etc. |
Apex Realty Ventures LLP is a Limited Liability Partnership incorporated on March 28, 2019 and is into business of real estate development. Turnover of the target entity for the year ended March 31,2025 is Rs. 724.08 Crore |
|---|---|---|
| 2. | Whether the acquisition will fall within related party transaction(s) and whether promoter/ promoter group have anyinterest in the transaction |
No |
| 3. | Industryto which the entitybelongs to | Real Estate and Construction |
| 4. | Objects and effects of acquisition | Business reasons and consolidation of stake in the target entity. The Company is holding 60% Partnership interest in the target entity and post this acquisition, the Company with its wholly owned subsidiary will hold, directly and indirectly, 100% partnership interest. |
| 5. | Brief details of any governmental or regulatoryapprovals required |
Not Applicable |
| 6. | Indicative time period for completion of the acquisition |
Completed on July 22, 2025 |
| 7. | Nature of consideration | Cash consideration |
| 8. | Price at which shares would be subscribed |
The firm has repaid capital balance of Rs. 0.4 Crore to the retiring partner. |
| 9. | Percentage of shareholding/ no. of shares acquired |
40% contribution, directly and indirectly, in the LLP. |
| 10. | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief); |
Apex Realty Ventures LLP is a Limited Liability Partnership incorporated on March 28, 2019 and is into business of construction and real estate development. Turnover of Apex Realty Ventures LLP during the last 3 years is as below: FY 2024-25: Rs. 724.08 Crore FY 2023-24: Rs. 1007.82 Crore FY 2022-23: Rs. 0.81 Crore |
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322