From The Economic Times · PTI · · 50s
Prestige Group Acquires Allure Developers Stake
Prestige Group buys Allure Developers for Rs 524 crore to build Noida housing project.
In brief
Prestige Group buys Allure Developers for Rs 524 crore to build Noida housing project. Prestige Estates Projects Ltd acquired 100% stake in Allure Developers for Rs 524 crore to develop housing in Noida Sector 150. Originally reported by The Economic Times.
Prestige Group Acquires Allure Developers
Prestige Estates Projects Ltd purchased 100% stake in Allure Developers for Rs 524 crore as part of expansion in Delhi-NCR.
Allure Develops Noida Housing Project
Allure will build residential project in Noida Sector 150 with payment in tranches up to Rs 5,23.76 crore.
Prestige Group's Recent Acquisitions
Prestige Group recently bought Gloind Vintage Infra for Rs 519 crore through subsidiary Prestige Retail Ventures.
Profit Decline in Q3
Prestige Group reported 44% drop in quarterly net profit to Rs 256.2 crore from Rs 457.4 crore in previous year.
The essence
Prestige Estates Projects Ltd acquired 100% stake in Allure Developers for Rs 524 crore to develop housing in Noida Sector 150.
