Prestige Falcon Realty Ventures Private Limited and Prestige Estates Projects Limited (NSEI:PRESTIGE) entered into Deed of Transfer of Partnership Interest to acquire 50% stake in Turf Estate Joint Venture LLP for INR 1.9 billion on May 29, 2023. As part of transaction, Prestige Falcon will acquire 49% stake and Prestige Estates will acquire 1%. The cash consideration shall be payable through Banking channel. The transaction is expected to complete within 60 days.

Prestige Falcon Realty Ventures Private Limited and Prestige Estates Projects Limited (NSEI:PRESTIGE) completed the acquisition of 50% stake in Turf Estate Joint Venture LLP on May 29, 2023.