Prestige Estates Acquires Gloind Vintage for ₹519 Crores

Target Entity

Name: Gloind Vintage Infra Private Limited (CIN: U68100HR2025PTC130293)

Subsidiary: Tarun Realtors Private Limited (CIN: U07010KA2004PTC035166)

Type of Deal

100% Acquisition of equity share capital.

Stake/Capacity

Prestige Retail Ventures Limited (PRVL), a wholly owned subsidiary of Prestige Estates Projects Limited, acquired 100% of the equity share capital of Gloind Vintage Infra Private Limited. This gives Prestige Estates indirect ownership and control of 100% of Tarun Realtors Private Limited, which is the wholly owned subsidiary of Gloind.

Deal Value

Gross enterprise value: Approximately ₹519 crores.

Purchase price for equity shares: ₹5,00,000 (Indian Rupees Five Lakhs).

Funding Source

Cash consideration.

Financial Impact

Gloind Vintage Infra Private Limited (FY 2025-26):

• Turnover: Nil
• Net worth: INR 0.04 Million

Tarun Realtors Private Limited (FY 2025-26):

• Turnover: INR 0.81 Million
• Net worth: INR 819.03 Million

Historical Turnover of Tarun Realtors:

• 2025-26: INR 0.81 Million
• 2024-25: INR 1.49 Million
• 2023-24: INR 1.34 Million

Timeline

Expected completion date: On or prior to November 12, 2026.

Strategic Rationale

The acquisition is for business reasons and for the acquisition of the target entity and its subsidiary. Both Gloind and Tarun Realtors are in the business of real estate development and construction.

Approval Status

The transaction is not a related party transaction. The promoter/promoter group of Prestige Estates do not have any interest in the transaction. No governmental or regulatory approvals are required.

Reference Regulation

Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.