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NDTV Profit 5d ago
Advent Hotels Shares Jump Over 15% After Rs 504 Crore Stake Sale To Prestige Estates
The hospitality company to retain a 50% stake in its subsidiary after the transaction, which will develop a commercial project in Mumbai.
ADVENTHTLPRESTIGEConsumer ServicesRealty
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CNBC TV18 - Markets 8d ago
Prestige Estates to buy 50% stake in Mumbai commercial project for up to ₹504 crore
Prestige Estates will acquire a 50% stake in Advent Convention and Hotels International for up to ₹504 crore in cash, giving it a share in a commercial project coming up in Mumbai's Andheri East with an estimated development value of around ₹4,500 crore.
ADVENTHTLAHLEASTPRESTIGEVALUEConsumer ServicesFinancial Services