PropLadder Real Estate News

Prestige Estates in talks to buy out PE in Exora

BENGALURU: Bengaluru-based real estate developer Prestige Estates Projects is in final talks to acquire private equity fund Red Fort Capital’s 62 per cent stake in the city’s Exora Business Park, which is valued at Rs 1,300-1,500 crore.

“We are in the process of concluding the discussions with Red Fort and are firming up the terms, and will soon be entering into a final agreement,” the company said in a statement to the Bombay Stock Exchange. Prestige Estates submitted its letter of o ..

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