Companie

Prestige group acquires 50% stake in Pandora Projects

Our Burea Bengaluru | Updated on January 08, 2021 Published on January 08, 2021

Prestige group, the Bengaluru-based real estate developer, acquired a 50 per cent stake in Mumbai-based company — Pandora Projects Private Limited — on January 7.

Pandora Projects was incorporated in 2014 and is into real estate development, which is in the initial stage.

In a regulatory filing to exchanges, the company said the shares of the Pandora Projects were subscribed at ₹50,000 and it has plans to undertake real estate development on a joint venture basis.

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Published on January 08, 2021
merger, acquisition and takeover
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