Download Unicorn Signals App

Powered By EquityPandit
Latest News

Prestige Group to buy 80% stake in Sterling Urban Infraprojects

Prestige Group has entered into an agreement to acquire 80% stake in Sterling Urban Infraprojects, for a cash consideration of Rs.336 crore.

Sterling Urban Infraprojects holds land parcels in Bengaluru and owns approx 59 acres of land at outer ring road-Sarjapour, Bengaluru.

In a BSE filing, Prestige Estate Projects Ltd stated, “The company has entered into a binding agreement for acquisition of 80% stake held by investors and its affiliates in Sterling Urban Infraprojects Pvt Ltd.”

Read EquityPandit’s Technical Analysis of Indian Stock Market

Get Daily Prediction & Stocks Tips On Your Mobile