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Corporate News

Prestige Estates’ subsidiary acquires Gloind Vintage Infra for roughly Rs 519 crore
03-Nov-2026, 08:27

Prestige Estates Projects Limited announced that its wholly-owned subsidiary, Prestige Retail Ventures Limited, has acquired 100% of the equity share capital of Gloind Vintage Infra Private Limited from DSFF Series 2 and Mr. Jasbir Singh for an approximate gross enterprise value of Rs 519 crore and a purchase price of Rs 500,000. The acquisition, expected to be completed on or before November 12, 2026, will make Gloind a wholly-owned step-down subsidiary of Prestige Estates, and will also give Prestige indirect ownership and control of Tarun Realtors Private Limited, a wholly-owned subsidiary of Gloind.