Prestige Estates Projects (Company) through its wholly owned subsidiary Prestige Retail Ventures (PRVL), has acquired 30% stake in Prestige OMR Ventures LLP. With the acquisition, the LLP now has become a wholly owned subsidiary of the Company. Further, the company has transferred its 69% stake in the LLP to PRVL, the apex entity for retail vertical of the Group, this brings PRVL holding in the LLP to 99% and balance 1% continues to be held by the Company. Prestige OMR Ventures LLP is developing a retail mall with developable area of approximately 1.96 million sft in Chennai.Powered by Capital Market – Live News
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