Prestige Estates Ups Stake In Two Units With ₹3.26 Billion Cash Outlay

Prestige Estates Projects Ltd. has acquired full control of Prestige Notting Hill Investments by purchasing a 49% partnership interest for ₹3 billion through its unit Prestige Falcon Malls Pvt. Ltd., the company said Monday. The cash settlement is expected before July 31.

Separately, the company bought an additional 48.99% stake in Prestige AAA Investments on Saturday for ₹256 million, taking its total partnership interest to 99.99%. Both deals were driven by strategic consolidation.