Prestige Estates Projects acquires Allure Developers for Rs.524-Cr

Publicly listed Prestige Estates Projects has acquired a 100% stake in Allure Developers for INR 523.76 crore. Allure Developers is engaged in the development of a residential project in Noida Sector 150.Prestige Estates Projects had recently acquired the entire equity of Gloind Vintage Infra for an enterprise value of INR 519 crore through its subsidiary, Prestige Retail Ventures.