PRESTIGE: Prestige Estates Projects Limited has informed the Exchange about Incorporation of a Wholly Owned Subsidiary.
PRESTIGE · price
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Prestige Estates Projects Limited has incorporated a new wholly-owned subsidiary called Stellar Prism Private Limited on January 9, 2026. The subsidiary has been set up to carry out real estate development business and has an authorized capital of Rs. 10 lakh and paid-up capital of Rs. 1 lakh. Prestige subscribed to 10,000 equity shares of Rs. 10 each (totaling Rs. 1 lakh) for 100% ownership. The new entity has not yet commenced business operations, and no government or regulatory approvals were needed for this incorporation.
This is a routine internal restructuring move with negligible financial impact since the investment amount is just Rs. 1 lakh. It signals Prestige's intent to expand or organize its real estate operations through a dedicated new entity, which may matter if significant business is later moved into this subsidiary.