Prestige Estates Projects Limited — M&A Activity 2020

Oct 20, 2020

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Si. No.	Requirement	Disclosure
1	Name of the target entity,	Prestige OMR Ventures LLP is a Limited
	details in brief such as size,	Liability Partnership incorporated under the
	turnover etc.	Limited Liability Partnership Act, 2008 and is in
		the real estate development which is in the initial
		stages.
2	Whether the acquisition will	Thisisnotarelatedpartytransaction.
	fallwithinrelatedparty	Promoter/Promoter Group do not have any
	transaction(s)andwhether	interest in the transaction.
	promoter/promoter group
	haveanyinterestinthe
	transaction
3	Industry to which the entity	Real Estate Development
	belongs to
4	Objectsandeffectsof	To undertake real estate development on a joint
	acquisition	venture basis
5	Briefdetailsofany	Not Applicable
	governmental or regulatory
	approvals required
6	Indicativetimeperiodfor	October 20, 2020
	completion of the acquisition
7	Price at which shares would	Rs. 29.12 Crores initial contribution
	be subscribed
8	Nature of consideration	Cash
9	Percentage of shareholding/	70 % stake in the Limited Liability Partnership
	no. of shares acquired
10	Brief background of the entity	Prestige OMR Ventures LLP is a Limited
•	being acquired	Liability Partnership incorporated under the
		Limited Liability Partnership Act, 2008 and is in
		the real estate development which is in the initial
		stages.