Prestige Estates Projects Ltd has acquired 100% equity of Gloind Vintage Infra Pvt Ltd at an approximate gross enterprise value of INR 519 crore, strengthening its portfolio of real estate development and construction assets.
In a regulatory filing, the company said its wholly owned subsidiary, Prestige Retail Ventures Ltd (PRVL), entered into a Securities Purchase Agreement on November 3, 2026, to acquire the entire equity share capital of Gloind Vintage Infra from DSFF Series 2, a scheme of Dickey Special Situation Investment Trust, and Jasbir Singh.
The transaction is structured as an all-cash deal, with the equity shares being acquired for INR 5 lakh against a gross enterprise value of approximately INR 519 crore. Following completion, Gloind Vintage Infra will become a wholly owned step-down subsidiary of Prestige Estates.
The acquisition will also give Prestige Estates indirect ownership and control of 100% of Tarun Realtors Pvt Ltd, a wholly owned subsidiary of Gloind Vintage Infra. The transaction is expected to be consummated on or before November 12, 2026.
Gloind Vintage Infra, incorporated in April 2025 and headquartered in Gurugram, operates in the real estate development and construction sector. It reported nil turnover and a net worth of INR 0.04 million for FY26.
Tarun Realtors, incorporated in December 2004, is also engaged in real estate development and construction. The company reported a turnover of INR 0.81 million in FY26, compared with INR 1.49 million in FY25 and INR 1.34 million in FY24. Its net worth stood at INR 819.03 million in FY26.
Prestige Estates clarified that the acquisition does not constitute a related-party transaction and that its promoters and promoter group have no interest in the deal. No governmental or regulatory approvals are applicable for the transaction.
Prestige Group has a presence across major Indian cities, with interests spanning residential, commercial, retail and hospitality developments.
Sources: Company regulatory disclosure and PTI report.
