Meanwhile, the board of directors also approved to monetize assets of the Hospitality segment through Prestige Hospitality Ventures, a wholly owned subsidiary of the company by way of issue of shares, subject to approval of shareholders, market conditions and receipt of applicable approvals.
Hence, the board has formed sub-committee to oversee and structure the process. The committee is tasked with the responsibility of ensuring compliance with all regulatory requirements, coordinating with advisors and underwriters and making all necessary arrangements.
Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, h...
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