Event Summary
Prestige Estates Projects Limited executed a reconstituted Limited Liability Partnership Deed on June 19, 2026, for admission of a new partner into Stellar Envision LLP, which was previously a wholly owned subsidiary of the company.
Key Transaction Details
- Date of Agreement Execution: June 19, 2026
- Expected Completion Date: June 19, 2026
- Consideration Received: ₹0.05 million
- New Partnership Structure: Company's partnership interest reduced from 100% to 50%
Partner Information
The newly admitted partner is engaged in the real estate business. The partner does not belong to the promoter/promoter group/group companies of Prestige Estates Projects Limited.
Regulatory Classification
The transaction does not fall within the ambit of related party transactions. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Business Purpose
Stellar Envision LLP proposes to undertake real estate projects in Bangalore.