M&ABusiness Standard
Prestige Estates acquires Allure Developers for 523.76 crore
Positive+24
GreyOak summary
Prestige Estates Projects Ltd acquired a 100% stake in Allure Developers for up to 523.76 crore rupees to expand in Noida. The deal is valued based on Allure's recent turnover of 12.3 lakh in FY26. Meanwhile, Prestige reported a 15.3% revenue decline and a 44% drop in net profit for the September quarter of FY27.
What it affects
- Prestige Estates ProjectsPRESTIGEPositive +24
Acquired Allure Developers for 523.76 crore rupees.Rolling sentiment Positive +25
Source
Read the original at Business StandardMore Prestige Estates Projects news
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