NSEDiversification/Disinvestment19 Jun 2026 · 19 Jun 2026, 05:37 pm
Diversification/Disinvestment
Prestige Estates Projects Limited · PRESTIGE
✦ AI Summary
Prestige Estates Projects Limited announced a partial disinvestment of its interest in Stellar Envision LLP, previously a wholly-owned subsidiary. On June 19, 2026, the company executed a reconstituted Limited Liability Partnership Deed to admit a new partner. As a result, Prestige's partnership interest in Stellar Envision LLP will reduce from 100% to 50%. This move establishes a joint venture structure for the LLP, which undertakes real estate projects in Bangalore, potentially sharing investment and risks for future ventures.
Full Announcement
Prestige Estates Projects Limited has informed the Exchange about Disinvestment of partnership interest in Stellar Envision LLP.