Prestige Estates Projects Ltd acquires 50% stake in Advent Convention & Hotels Intl Ltd
Prestige Estates Projects · Realty
Key highlights
- Acquisition agreement signed on July 3, 2026, for 50% stake in Advent Convention and Hotels International Limited.
- Investment amount up to ₹504 crore in cash to develop commercial project in Mumbai with GDV approx. ₹4,500 crore.
- Project covers 21,978.22 sq. mts. land in Andheri East with leasable area ~1.50 million sq. ft.; target completion of acquisition in 45 days.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.