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VERIFIEDET Markets·positive
Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore
AI Summary
- ·Prestige Estates Projects Ltd acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore.
- ·The acquisition will facilitate a commercial development in Mumbai's Andheri East.
- ·The project will encompass 1.50 million sq ft of leasable area with a total development value of Rs 4,500 crore.