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Prestige Estates arm invests in Lokhandwala DB Realty LLP

Posted On: 2020-01-20 21:33:10

Prestige Falcon Realty Ventures Private Limited, a wholly owned subsidiary of Prestige Estates Projects Limited has invested in by way of capital account contribution and entered into the Lokhandwala DB Realty LLP ("LLP") as a partner subject to certain compliances and terms and conditions.

D B Realty Ltd along with its wholly owned subsidiary continue to maintain its voting and economic interest in the LLP and Lokhandwala Infrastructure Private Limited and its group company, Viceroy Builders Pvt. Ltd. also continue to be a partners in the LLP, as per the agreed terms. The LLP will be known as "Lokhandwala DB Prestige LLP" subject to necessary statutory approvals.

Shares of PRESTIGE ESTATES PROJECTS LTD. was last trading in BSE at Rs.415.05 as compared to the previous close of Rs. 374.45. The total number of shares traded during the day was 176782 in over 7920 trades.

The stock hit an intraday high of Rs. 426.15 and intraday low of 376.4. The net turnover during the day was Rs. 72653940.

Shares of D B Realty Ltd was last trading in BSE at Rs.11.4 as compared to the previous close of Rs. 10.86. The total number of shares traded during the day was 77390 in over 101 trades.

The stock hit an intraday high of Rs. 11.4 and intraday low of 10.42. The net turnover during the day was Rs. 874222.


Source: Equity Bulls

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