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The Economic Times
The Economic Times

Prestige Estates buys 50% stake in Advent Convention and Hotels International for Rs 504 crore

Prestige Prestige Estates Prestige Estates Projects Ltd Mumbai

Realty firm Prestige Estates Projects Ltd has acquired 50 per cent stake in Advent Convention and Hotels International Ltd for Rs 504 crore as parts of its expansion plan.

Bengaluru-based Prestige Estates has entered into an investment agreement to acquire 50 per cent stake in Advent Convention and Hotels International Ltd (ACHIL), which is undertaking development of a commercial project in Mumbai, according to a regulatory filing on July 3.

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