Prestige Estates acquires remaining 40% in Apex Realty Ventures to make it a wholly-owned subsidiary
Prestige Estates Projects Limited announced on July 22, 2025, that it has acquired the remaining 40% partnership interest in Apex Realty Ventures LLP, making the firm its wholly-owned subsidiary. The acquisition was completed through Prestige and its wholly-owned subsidiary by paying a cash consideration and settling the retiring partner's capital balance of ₹0.4 crore.
According to the company's filing under Regulation 30 of SEBI (LODR) Regulations, Apex Realty Ventures is a Bengaluru-based real estate development firm incorporated on March 28, 2019. The LLP reported a turnover of ₹724.08 crore for the financial year ending March 31, 2025, compared to ₹1,007.82 crore in FY24 and ₹0.81 crore in FY23.
Prior to this transaction, Prestige Estates already held a 60% partnership stake in the entity. Post-acquisition, the company now holds 100% — directly and indirectly — consolidating its control over Apex Realty. The company stated that this move was driven by business reasons and the objective of consolidating its stake.
The acquisition was completed on July 22, 2025, and does not involve any related-party transactions or require regulatory approvals.
This step strengthens Prestige Estates' position in the real estate and construction space and is aligned with its strategy of consolidating and expanding its portfolio of development projects.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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