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Prestige Estates acquires Noida-based Allure Developers for ₹523.76 crore

Reported by: Business Standard ·

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Prestige Estates Projects

Summary

Business Standard reported that Bengaluru-based Prestige Estates has signed a deal to acquire 100% of Allure Developers, a Noida-based company, for up to ₹523.76 crore. Allure Developers is developing a residential project in Noida's Sector 150, the outlet said. A 100% stake means Prestige Estates will own the entire company, not just a part of it. The ₹523.76 crore is the deal value, the amount Prestige has agreed to pay for that full ownership. Prestige Estates is a listed real estate developer; Allure Developers is the company being bought. The report does not give the project's size, the number of homes or a timeline for the deal to close.

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Business Standard  · · Tone 0

Prestige Estates acquires Noida-based Allure Developers for ₹523.76 crore

The Bengaluru-based developer has signed a deal to acquire a 100 per cent stake in Allure Developers, which is developing a residential project in Noida's Sector 150, for up to ₹523.76 crore

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