M&AMoneycontrol
Prestige acquires 100% stake in Allure for Rs 524 cr
Positive+165 sources
GreyOak summary
Prestige Estates Projects Ltd acquired a 100% stake in Allure Developers for Rs 524 crore to expand its presence in Delhi-NCR. Allure will develop a residential project in Noida Sector 150. The deal is part of Prestige's broader expansion strategy, following a recent acquisition of Gloind Vintage Infra.
What it affects
- Prestige Estates ProjectsPRESTIGEPositive +16
Acquired Allure Developers for Rs 524 crore.Rolling sentiment Positive +25
- Real EstatePositive +11
Expansion via acquisition of Allure Developers.Rolling sentiment Neutral +14
Source
Read the original at MoneycontrolMore Prestige Estates Projects news
- Prabhudas Lilladher sets Rs 1800 target for PrestigeMoneycontrol · Company update ·
- Prestige Estates acquires Allure Developers for 523.76 croreBusiness Standard · M&A ·
- Prestige Estates Q2 profit drops 44% as revenue falls 15%Business Standard · Results ·