Prestige Estates sells assets worth Rs 7,467 cr to Blackstone Group ANI | Updated: Mar 11, 2021 11:21 IST
Bengaluru (Karnataka) [India], March 11 (ANI): Prestige Estates Projects has completed phase one of the proposed transaction with Blackstone Group with enterprise value forming part of phase one at Rs 7,467 crore.
The total enterprise value including phase two is Rs 9,160 crore as mentioned in the initial disclosure.
Prestige said the overall transaction includes a 100 per cent stake sale in six completed office projects including a hotel and a 50 per cent stake sale in four under-construction projects. It will also include 85 per cent stake sale in nine shopping malls.