Shares of Prestige Estates Projects Ltd. rose over 2 per cent on Thursday after the company announced that two of its subsidiaries had acquired a significant partnership interest in Bharatnagar Buildcon LLP. The acquisition, valued at ₹938.75 crore, strengthens the developer’s presence in the commercial real estate segment.
The stock climbed as much as 2.15% during early trade to ₹1,652.9 before easing to ₹1,646.9, still up 1.7% as of 10:25 AM. This outperformed the Nifty 50, which was trading 0.20% higher. Despite today’s rise, Prestige Estates shares have fallen 2% so far in December and are trading below their average 30-day volume. On a year-to-date basis, the stock is down 2.7%, compared to a 9% gain in the benchmark index.
Prestige Subsidiaries Acquire Majority Interest
Prestige Estates informed exchanges that its subsidiaries, Prestige Falcon Realty and Prestige Projects, have together acquired a 66.93% partnership interest in Bharatnagar Buildcon LLP. The investment was made through capital and current account contributions totaling ₹938.75 crore.
The company noted that the transaction, completed on December 10, 2025, is not a related-party transaction, and promoter involvement is limited to their shareholding in Prestige Estates and its subsidiaries. The acquisition is aimed at business expansion and consolidation of the group’s stake in the target entity.
Founded in 2011, Bharatnagar Buildcon is engaged in real estate development and construction. The entity reported a turnover of ₹3,47,272 for the financial year ended March 31, 2025.
Strong Q2 Performance Supports Growth Outlook
Prestige Estates recently reported a 95% year-on-year jump in consolidated net profit to ₹457.4 crore for the September quarter, supported by higher income and controlled expenses.
Total income for Q2 FY26 rose to ₹2,697.8 crore, up from ₹2,423.8 crore in the same quarter last year.
Irfan Razack, Chairman and Managing Director of Prestige Group, said the company continues to maintain strong operational performance. He added that Prestige Estates has a robust launch pipeline, positioning the group to sustain growth through the remainder of the financial year.
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