Markets · 1 sources covering this

Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore

Prestige Estates Projects Ltd is set to enhance its market presence by securing a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore. This deliberate acquisition will pave the way for a major commercial development in Mumbai's Andheri East, featuring 1.50 million sq ft of leasable area and a total development worth Rs 4,500 crore. This investment reflects Prestige's ambitious growth plans.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·2h ago
Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore
Prestige Estates Projects Ltd is set to enhance its market presence by securing a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore. This deliberate acquisition will pave the way for a major commercial development in Mumbai's Andheri East, featuring 1.50 million sq ft of leasable area and a total development worth Rs 4,500 crore. This investment reflects Prestige's ambitious growth plans.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/b6f761e864ead0316f897fb20e681ea2644c7950"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore"></iframe>

Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore

How 1 sources are covering this

Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore

More from Markets

Wall Street edges higher as chip stocks rebound

Trump rings Wall Street's opening bells as he ties his presidency to stock market gains

India's office leasing hits record as multinationals expand despite global uncertainty

US stocks today: US stocks open higher as chip shares recover

Reader

Trust & legal

Across the network