Prestige Estates Projects to acquire 100% of Gloind Vintage Infra Private Limited
Prestige Estates Projects (PRESTIGE) said it has agreed a deal to acquire 100% of Gloind Vintage Infra Private Limited. The company is valued at about ₹66,203 crore.
What happened
In a filing with the BSE on 3 November 2026 at 07:49 PM, Prestige Estates Projects (PRESTIGE) said that it has agreed a deal to acquire 100% of Gloind Vintage Infra Private Limited.
From the filing: "With this acquisition, Gloind has become a wholly owned step - down subsidiar y of the Company ."
Company snapshot
Prestige Estates Projects is a mid-cap company in the Realty sector, with a market value of about ₹66,203 crore.
The stock last traded at ₹1,537, against a 52-week range of ₹1,090–₹1,805.2 (14.9% below the high).
Before this filing the shares had moved −0.4% over the month and −7.2% over three months. Average daily turnover over the last 20 sessions was about ₹61.19 crore.
Promoters held 60.94% at the end of Q1 FY27. Foreign institutions owned 13.27% and domestic institutions 23.51%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 2,307 | 292.5 | 6.79 |
| Q2 FY26 | 2,432 | 430.3 | 9.99 |
| Q3 FY26 | 3,873 | 222.6 | 5.17 |
| Q4 FY26 | 4,074 | 250.1 | 5.81 |
| Q1 FY27 | 2,675 | 235.9 | 5.48 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
Across 40 similar disclosures by other Realty companies, shares moved +0.2% on average the next day and +0.5% over five days; 53% of them rose the next day.
Market-wide, 2,325 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 49% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
- 5 November 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Prestige Estates Plans ₹40,000 Crore Residential Launches in Second Half of FY27
- Prestige Estates Projects Limited Estimates – NSE:PRESTIGE
- Prestige Estate Projects Ltd. Share Price, Stock Price - NSE/BSE Live
- Prestige Estates plans INR 40,000 crore of launches in H2
- Prestige Estates to launch residential projects worth Rs 40,000 crore
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.