BSECompany Update5d ago · 15 Oct 2026, 08:04 pm

In continuation with earlier announcements dated August 10, 2026, and September 29, 2026, the Company has consummated the first tranche of transaction in Hospitality Portfolio through strategic partnership with CPP Investments.

Prestige Estates Projects Ltd · 533274

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Prestige Estates Projects Ltd has consummated the first tranche of its transaction in the Hospitality Portfolio through a strategic partnership with CPP Investments, acquiring 10% and 5.79% of PHVL's shareholding for INR 950,00,00,000 and INR 550,00,00,000 respectively.

Analysis Scores

Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10

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Prestige Estates Projects Ltd - 533274 - Consummation Of Transaction In Hospitality Portfolio.

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Date: October 15, 2026 The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex Floor 25, P J Towers Bandra (E) Mumbai-400051 Dalal Street, Mumbai – 400 001 NSE Scrip code: PRESTIGE BSE Scrip code: 533274 Dear Sir / Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We refer to our earlier announcements dated August 10, 2026 and September 29, 2026 (“Earlier Announcements”), wherein we had informed you that the Company has executed a binding framework agreement and transaction documents, respectively, with CPP Investment Board Private Holdings (4) Inc. (“CPPIB”) and Prestige Hospitality Ventures Limited (“PHVL”), pursuant to which CPPIB had agreed to make an investment in PHVL through three tranches (the “Proposed Transaction”). Pursuant to the Earlier Announcements, the approval received from the Competition Commission of India, and the terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company, PHVL and CPPIB have consummated the first tranche of the Proposed Transaction, as detailed below: (i) CPPIB has acquired 10% of PHVL’s shareholding through the acquisition of equity shares from the Company for a total consideration of INR 950,00,00,000 (Indian Rupees Nine Hundred and Fifty Crores); and (ii) CPPIB has acquired 5.79% of PHVL’s shareholding through a primary subscription of Series A Compulsorily Convertible Preference Shares for a total consideration of INR 550,00,00,000 (Indian Rupees Five Hundred and Fifty Crores). Upon consummation of the remaining tranches of the Proposed Transaction as contemplated in the earlier announcements set out above, further intimation will be made. This is for your information and records. Yours faithfully, For Prestige Estates Projects Limited Manoj Krishna J V Company Secretary and Compliance Officer Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone: +91 80 25591080 E-mail: investors@prestigeconstructions.com Website: www.prestigeconstructions.com CIN: L07010KA1997PLC022322