Prestige Estates Projects increases stake in two partnerships

Prestige Estates Projects Limited announced the acquisition of additional partnership interests in two entities: Prestige Notting Hill Investments and Prestige AAA Investments, effective July 7, 2025. Prestige Estates Projects, through its subsidiary Prestige Falcon Malls Private Limited, acquired a 49% partnership interest in Prestige Notting Hill Investments, bringing its total direct and indirect stake to 100%. Furthermore, the company acquired a 48.99% partnership interest in Prestige AAA Investments, increasing its ownership to 99.99%. The firm is paying approximately INR 3,000 Million to retiring partners in Notting Hill, and INR 256 Million in AAA Investments, to be settled by July 31, 2025. Prestige Notting Hill Investments, established in 2006, reported a turnover of INR 121,61,74,139 for the year ended March 31, 2025. Prestige AAA Investments, formed in 2014, recorded a turnover of INR 2,63,30,05,300 for the same period.