BSECompany Update6d ago · 3 Nov 2026, 07:49 pm
Intimation for acquisition of 100% stake in Gloind Vintage Infra Private Limited.
Prestige Estates Projects Ltd · 533274
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Prestige Estates Projects Ltd has acquired 100% stake in Gloind Vintage Infra Private Limited for approximately INR 519 crores. The acquisition will be consummated on or prior to November 12, 2026.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Prestige Estates Projects Ltd - 533274 - Announcement under Regulation 30 (LODR)-Acquisition
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Date: November 3, 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) Dalal Street
Mumbai-400051 Mumbai – 400 001
NSE Symbol: PRESTIGE BSE Scrip code: 533274
Dear Sir / Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
we, Prestige Estates Projects Limited (“the Company”), wish to inform you that on November 3, 2026, Prestige
Retail Ventures Limited (“PRVL”), a wholly owned subsidiary of the Company, has acquired 100% of the
equity share capital of Gloind Vintage Infra Private Limited (“Gloind”) from DSFF Series 2, a scheme of Dickey
Special Situation Investment Trust, and Mr. Jasbir Singh, pursuant to a Securities Purchase Agreement dated
November 3, 2026.
With this acquisition, Gloind has become a wholly owned step-down subsidiary of the Company.
In this regard, we hereby enclose the necessary details in Annexure - I as required under the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
This is for your information and records.
Yours faithfully,
For Prestige Estates Projects Limited
Irfan Razack
Chairman and Managing Director
DIN: 00209022
Enclosed: As above
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail: investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322
Annexure - I
Information as required under Regulation 30-Para A Schedule III of the Securities and Exchange
Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 are as follows:
1. Name of the target entity, details in brief Name of target entity: Gloind Vintage Infra Private
such as size, turnover etc. Limited (CIN: U68100HR2025PTC130293), was
incorporated in India on April 03, 2025, with its
registered office at DCT, 703, 7th Floor, DLF City
Court, Sector 25A, DLF QE, Gurgaon, Haryana,
122002, India.
Latest financial parameters for FY 2025-26:
Turnover: Nil
Net worth: INR 0.04 Millon
Name of subsidiary of target entity: Tarun Realtors
Private Limited (CIN: U07010KA2004PTC035166),
was incorporated in India on December 06, 2004,
with its registered office at No. 41 Vittal Malya
Road, Bangalore, Karnataka, India, 560001. Tarun
Realtors Private Limited is the wholly owned
subsidiary of Gloind Vintage Infra Private Limited.
Latest financial parameters for FY 2025-26:
Turnover: INR 0.81 Million
Net worth: INR 819.03 Million
2. Whether the acquisition will fall within This transaction is not a related party transaction.
related party transaction(s) and whether
promoter/ promoter group have any The promoter/promoter group of the Company do
interest in the transaction not have any interest in the transaction.
3. Industry to which the entity belongs to Real estate, construction, and land development.
4. Objects and impact of acquisition Business reasons and for acquisition of the target
entity and its subsidiary.
5. Brief details of any governmental or
Not Applicable
regulatory approvals required
6. Indicative time period for completion of The transaction will be consummated on or prior to
the acquisition 12 November 2026.
7. Nature of consideration
Cash consideration
8. Price at which shares would be Gross enterprise value of approximately INR 519
subscribed crores, and purchase of equity shares at INR
5,00,000 (Indian Rupees Five Lakhs).
9. Percentage of shareholding/ no. of Upon consummation of the transaction, the
shares acquired Company will indirectly hold, through PRVL, 100%
of Gloind’s equity share capital, and will also have
indirect ownership and control of 100% of Tarun
Realtors.
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail: investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322
10. Brief background about the entity Gloind Vintage Infra Private Limited was
acquired in terms of products/line of incorporated in 2025 and is in the business of real
business acquired, date of estate development and construction.
incorporation, history of last 3 years
turnover, country in which the acquired History of last years’ turnover:
entity has presence and any other 2025-26: NIL
significant information (in brief);
Tarun Realtors Private Limited was incorporated in
2004 and is in the business of real estate
development and construction. Tarun Realtors
Private Limited is the wholly owned subsidiary of
Gloind Vintage Infra Private Limited.
History of last 3 years’ turnover:
2025-26: INR 0.81 Million
2024-25: INR 1.49 Million
2023-24: INR 1.34 Million
Prestige Estates Projects Limited, Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025.
Phone: +91 80 25591080 Fax: +91 80 25591945 E-mail: investors@prestigeconstructions.com
www.prestigeconstructions.com CIN: L07010KA1997PLC022322