Mysore Projects and Prestige Estate Projects are the partners in Prestige OMR Ventures LLP in the ratio of 30% and 70% respectively, the company said in the filing.
Mysore Projects contributed Rs12.48cr for the 30% stake in Prestige OMR Ventures LLP, Brigade Enterprises said.
Prestige Estates Projects will hold the remaining 70% stake in the joint venture. The partnership will undertake real estate development on a joint venture basis, it added.
Shares of Brigade Enterprises Ltd ended at Rs179.95 up by Rs8.2 or 4.77% from its previous closing of Rs171.75 on the BSE.
The scrip opened at Rs173 and has touched a high and low of Rs188.10 and Rs168.45 respectively.