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Merger & Restructuring

Prestige Estates Projects Merger & Restructuring Worth ₹1,500 Cr

Prestige Estates consummated the first tranche of its strategic hospitality partnership with CPPIB. This transaction includes a subsidiary stake sale and share subscription for ₹1,500 Crore.

Key figures
Value₹1,500 Cr
Order fromCPP Investment Board Private Holdings (4) Inc. (CPPIB)
Source

BSE filing, NSE: PRESTIGE. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Prestige Estates Projects Ltd: key numbers

Share price
₹1,392.20
Market cap
₹59,966 Cr
Revenue (annual)
₹12,685 Cr
Net profit (annual)
₹1,196 Cr
P/E (TTM)
52.6×Sector 33.7×
Promoter holding
60.94%+0.00% QoQ
FII holding
12.97%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals