Prestige Estates Rs 2,001-cr deal with Abu Dhabi Investment & Kotak AIF

Prestige Estates Projects Ltd through its subsidiaries, signed a deal worth Rs 2,001 crore with Abu Dhabi Investment Authority and Kotak AIF for growth opportunities in the residential sector in prominent locations across four cities in India, with a gross development value of Rs 18,000 crore.

These funds will fuel the development of greenfield residential projects across the cities of Bengaluru, Mumbai, Goa, and NCR with a combined GDV of over Rs 18,000 crore, contributing significantly to the topline,

Shares of Prestige Estates Projects Ltd gained nearly 5 percent after deal announcement.