Latest Breaking News On - ப்ரெஸ்டீஜ் தோட்டங்கள் ப்ராஜெக்ட்ஸ் - Page 4 : vimarsana.com

Prestige Estates to take over $1.4-billion project from bankrupt firm

Share Market LIVE Updates: Sensex opens 337 pts lower, Nifty at 14,712; SBI, ICICI Bank, ONGC top losers

Prestige Estates rises after concluding phase 1 deal with Blackstone

Prestige Estates Projects rose 2.13% to Rs 296.65 after the realty firm on Wednesday announced that it has completed phase 1 of proposed transaction with Blackstone Group.The enterprise value forming part of phase 1 is approximately Rs 7467 crore out of the total enterprise value of approximately Rs 9160 crore as mentioned in the initial disclosure. Phase 1 of the transaction includes sale of twelve assets/undertakings comprising of completed retail, office, hotel assets. Phase 2 of the transaction is expected to get completed by the end of next quarter. Prestige Estates said the overall transaction (Phase1&2) includes 100% stake sale in 6 completed office projects (include a hotel), 50% stake sale in four under construction projects and 85% stake sale in 9 Shopping malls.

Adani Green share price: Stocks in the news: Adani Green, India Glycols, PNB Housing, SBI and Karur Vysya Bank

Explore Now Nifty futures on the Singapore Exchange traded 4 points, or 0.03 per cent, lower at 15,415 in signs that Dalal Street was headed for a tepid start on Friday. Here are a few stocks which may buzz the most in today's trade: SBI: State Bank of India ( SBI) will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism. Housing: At least two existing overseas investors in PNB Housing Finance – the Carlyle Group and General Atlantic Singapore – are believed to have hired consultants to carry out a due diligence on the mortgage lender, which is looking to tap these investors for equity expansion.

Prestige Estates completes phase 1 of Blackstone deal; stock hits new peak

Prestige Estates Projects completes phase 1 of deal with Blackstone Group

Read more about Prestige Estates Projects completes phase 1 of deal with Blackstone Group on Business Standard. The enterprise value forming part of phase 1 is approximately Rs 7467 crore out of the total enterprise value of approximately Rs 9160 crore as mentioned in the Initial Disclosure.

Prestige Estates sells assets worth Rs 7,467 cr to Blackstone Group

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.

Prestige Estates sells assets worth Rs 7,467 crore to Blackstone Group

Post Blackstone deal, Prestige Estates net debt reduces to ₹997.5 crore

Irfan Razack, CMD   -  BL× Prestige Estates Projects Limited has completed phase-1 of proposed transaction with Blackstone Group which included 100 per cent stake sale in six completed office projects (including a hotel), 50 per cent stake sale in four under-construction projects and 85 per cent stake sale in nine shopping malls. In all, phase-1 transactions included sale of 12 assets/undertakings comprising completed retail, office and hotel assets. Phase 2 of the transaction is expected to get completed by the end of next quarter. In a regulatory filing to exchanges, the company said phase-1 transactions involved ₹7,467 crore out of the total enterprise value of approximately ₹9,160 crore.

Stamp duty cut fails to cheer Bengaluru realty firms - The Hindu BusinessLine

Stamp duty cut fails to cheer Bengaluru realty firms March 08, 2021 Reduction will benefit only buyers up to ₹45 lakh Share prices of Bengalaru-based realty firms witnessed a sudden spurt on Monday around noon as Karnataka government cut stamp duty. But the stocks could not sustain the gains and ended in the red, as analysts said the move will not have much impact. The stock price of Sobha, which jumped to a high of ₹481.55, closed at ₹460.20, down 0.23 per cent against the previous day's close; Prestige Estates Projects touched a high of ₹304 but closed at ₹293.35, almost at day's low level of ₹292.55; and Brigade Enterprises surged to a high of ₹296.35 but closed 0.37 per cent lower at ₹285.