Prestige Estates Projects Limited has informed the Exchange about Acquisition of additional partnership interest in Apex Realty Ventures LLP.
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Prestige Estates Projects Limited has acquired the remaining 40% partnership interest in Apex Realty Ventures LLP, taking its total holding to 100% (directly and indirectly through a wholly owned subsidiary). The company already held 60% and has now bought out the retiring partner for a cash consideration, with a capital repayment of Rs. 0.4 Crore to that partner. Apex Realty Ventures is a real estate development LLP incorporated in March 2019, with a turnover of Rs. 724.08 Crore in FY25 and Rs. 1,007.82 Crore in FY24. The transaction was completed on July 22, 2025, and is not a related party transaction, requiring no regulatory approvals.
Prestige now gets full economic benefit and decision-making control over a revenue-generating real estate LLP, simplifying consolidation of its financials. The cash outflow is minimal (Rs. 0.4 Crore capital repayment), but the LLP brings meaningful turnover into the wholly owned fold, which is mildly positive for shareholders.