Prestige Estates Projects Limited announced that its subsidiaries have increased their partnership interest in Bharatnagar Buildcon LLP to 66.93% as of December 10, 2025. The acquisition was made through Prestige Falcon Realty Private Limited and Prestige Projects Private Limited, signifying a strategic move to consolidate its position in Bharatnagar Buildcon LLP.
Increased Partnership Interest
As of December 10, 2025, Prestige Estates Projects Limited, through its subsidiaries, has increased its partnership interest in Bharatnagar Buildcon LLP. With this acquisition, the Company now indirectly holds a 66.93% partnership interest in Bharatnagar Buildcon LLP.
Details of the Acquisition
Prestige Falcon Realty Private Limited and Prestige Projects Private Limited, subsidiaries of Prestige Estates Projects Limited, have acquired the partnership interest. The subsidiaries have infused Rs. 938.75 crores by way of capital and current account contribution in the LLP.
Target Company Information
Bharatnagar Buildcon LLP is a limited liability partnership (LLP) formed in 2011, primarily focused on real estate development. The turnover of the target entity for the year ended March 31, 2025, was Rs. 3,47,272. Turnover details for the past years are as follows:
- FY 2024-25: Rs. 3,47,272
- FY 2023-24: Rs. 19,40,418
- FY 2022-23: Rs. 13,34,527
Strategic Rationale
The acquisition allows Prestige Estates Projects to consolidate its stake in Bharatnagar Buildcon LLP. It aims at business reasons and for consolidation of stake in the target entity.
Source: BSE
