Prestige Estates Acquires 66.93% in Bharatnagar Buildcon LLP
Filing Summary
Prestige Estates Projects Limited announced the acquisition of a 66.93% partnership interest in Bharatnagar Buildcon LLP through its subsidiaries, Prestige Falcon Realty Private Limited and Prestige Projects Private Limited. The acquisition was completed on December 10, 2025, with a cash consideration of Rs. 938.75 crores. Bharatnagar Buildcon LLP, established in 2011, operates in the real estate development sector. The transaction is not a related party transaction, and no governmental or regulatory approvals were required. The acquisition aims to consolidate Prestige Estates’ stake in the real estate sector.
Prestige Estates Projects Limited has acquired a 66.93% partnership interest in Bharatnagar Buildcon LLP through its subsidiaries, Prestige Falcon Realty Private Limited and Prestige Projects Private Limited. The acquisition was finalized on December 10, 2025, with a cash consideration amounting to Rs. 938.75 crores.
Bharatnagar Buildcon LLP, formed in 2011, is engaged in the business of real estate development. The turnover for the year ending March 31, 2025, was Rs. 3,47,272. The acquisition does not constitute a related party transaction. The promoter group of Prestige Estates has an interest in the transaction proportional to their shareholding in the company and its subsidiaries.
The acquisition was completed without the need for any governmental or regulatory approvals. The transaction involved a capital and current account contribution by the subsidiaries into Bharatnagar Buildcon LLP. Prestige Falcon Realty Private Limited holds 63.12% of the partnership interest, while Prestige Projects Private Limited holds 3.81%.
Bharatnagar Buildcon LLP has shown varied turnover figures over the past three years, with Rs. 19,40,418 in FY 2023-24 and Rs. 13,34,527 in FY 2022-23. The entity continues to operate within the real estate and construction industry.
Prestige Estates Projects Limited is a prominent player in the real estate sector, focusing on the development of residential, commercial, and retail properties. The company continues to expand its portfolio through strategic acquisitions and partnerships, aiming to strengthen its presence in the real estate market.