Prestige Estates Projects (PRESTIGE) — Announcement

Prestige Estates announced on July 3, 2026 that it will acquire a 50% stake in Advent Convention and Hotels International Limited to develop a commercial project in Mumbai with approximately 1.5 million sq ft leasable area and a gross development value of around Rs. 4,500 crores, funded by up to Rs. 504 crores of cash consideration.

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About Prestige Estates Projects Limited (PRESTIGE)

Realty · Realty · Listed on NSE

Market Cap: ₹68,615.33 Cr P/E: 60.2 ROE: 7.8% ROCE: 10.4% Div Yield: 0.13%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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