Prestige Estates Projects Limited has announced the incorporation of a new wholly-owned subsidiary named ‘Stellar Prism Private Limited’ on January 9, 2026. The subsidiary will focus on real estate development. The investment involves ₹1,00,000 towards subscription of 100% of the paid-up share capital, aiming to expand Prestige Estates’ reach in the real estate sector.
Subsidiary Formation
Prestige Estates Projects Limited has established ‘Stellar Prism Private Limited’ as a wholly-owned subsidiary, effective January 9, 2026. This strategic move aims to enhance the company’s capabilities and presence in the real estate market. The newly formed entity is poised to contribute to the company’s overall growth strategy.
Strategic Objectives
Stellar Prism Private Limited is dedicated to pursuing business in real estate development. With an authorized capital of Rs. 10,00,000 and an initial paid-up capital of Rs. 1,00,000, the subsidiary is set to commence operations. Prestige Estates Projects Limited is investing ₹1,00,000 to acquire 10,000 equity shares at Rs. 10 each, securing complete ownership of the subsidiary. The company has subscribed to 100% of the equity shares directly and indirectly.
Source: BSE
