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.”

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