Prestige Estates Projects Acquires 50% Stake in Aaramnagar Realty LLP for Versova Project Development
Prestige Estates Projects Limited announced the acquisition of a 50% partnership interest in Aaramnagar Realty LLP. The transaction was completed on April 9, 2026.The acquired entity, Aaramnagar Realty LLP, is a Limited Liability Partnership formed in 2018. The LLP operates within the real estate, construction, and development sectors.
According to the details provided, the primary object and effect of this acquisition is to develop a real estate project in Versova, Mumbai. The consideration for the stake acquisition was a cash contribution by the Company, with Prestige Estates Projects Limited infusing Rs. 180 crores through capital and current account contribution into the LLP.
The transaction details highlight the following key aspects:
| Detail | Information |
|---|---|
| Target Entity | Aaramnagar Realty LLP |
| Entity Formation | 2018 |
| Business Sector | Real Estate, construction and development |
| Acquisition Stake | 50% |
| Consideration Nature | Cash Consideration |
| Amount Infused | Rs. 180 crores |
| Project Objective | To develop real estate project in Versova, Mumbai |
PRESTIGE Stock Price Movement
Shares of Prestige Estates Projects Limited today slipped by 0.40% to settle at ₹1315.5. Trading volume for the stock reached 847,595 shares during the session.Source:
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