News ArticlePrestige Estates Projects Acquires 100% Stake in Gloind Vintage Infra for INR 519 Crores
Acquisition through wholly owned subsidiary PRVL expected to complete by November 12, 2026, expanding real estate development footprint
Prestige Estates Projects Limited, through its wholly owned subsidiary Prestige Retail Ventures Limited, has acquired 100% equity shares of Gloind Vintage Infra Private Limited for a gross enterprise value of approximately INR 519 crores. Gloind, incorporated in 2025, and its wholly owned subsidiary Tarun Realtors Private Limited, are in the real estate and construction industry. The acquisition is expected to be completed by November 12, 2026.
Prestige Estates Projects Limited
Acquisition / Amalgamation / Merger / Demerger
Prestige Estates Projects Limited has acquired full ownership of Gloind Vintage Infra Private Limited through its wholly owned subsidiary, Prestige Retail Ventures Limited, with a transaction value of approximately INR 519 crores. This acquisition includes Gloind's wholly owned subsidiary Tarun Realtors Private Limited and is targeted for completion by November 12, 2026.
Gloind Vintage Infra Private Limited was incorporated in India on April 3, 2025, and operates in real estate development and construction. Despite being a recent company, it holds Tarun Realtors Private Limited as a wholly owned subsidiary, which has been operational since 2004.
Financial data for Gloind shows no turnover for financial year 2025-26 and a net worth of INR 0.04 million. Tarun Realtors reported turnover of INR 0.81 million and a net worth of INR 819.03 million in the same period.
The acquisition is a cash transaction where the equity shares are purchased at INR 5,00,000 each, representing 100% shareholding. The deal is not a related party transaction and there is no promoter interest involved.
No governmental or regulatory approvals are required for this acquisition as per the filing.
This acquisition strategically expands Prestige Estates Projects Limited's footprint in real estate and construction sectors through the control of Gloind and its subsidiary Tarun Realtors.
Highlights
- Acquisition date: November 3, 2026
- Expected transaction completion: On or before November 12, 2026
- Gross enterprise value: Approximately INR 519 crores
- 100% equity stake acquired in Gloind Vintage Infra Private Limited
- Gloind owns 100% shares in Tarun Realtors Private Limited
- Transaction is a cash consideration deal, not related party transaction
Key Data Snapshot
What happened
- Prestige Retail Ventures Limited, a wholly owned subsidiary of Prestige Estates Projects Limited, acquired 100% equity share capital of Gloind Vintage Infra Private Limited on November 3, 2026.
- Gloind Vintage Infra became a wholly owned step-down subsidiary of Prestige Estates Projects Limited through this transaction.
Key details
- The acquisition deal involves cash consideration with shares subscribed at INR 5,00,000 per equity share.
- The enterprise value of the transaction is approximately INR 519 crores.
- No regulatory approvals are required for the transaction.
- This acquisition does not fall under related party transactions, and promoters of Prestige Estates have no interest in this deal.
Background and context
- Gloind Vintage Infra Private Limited was incorporated on April 3, 2025, engaged in real estate development and construction.
- Gloind's subsidiary, Tarun Realtors Private Limited, incorporated in 2004, also operates in real estate and construction.
- Financials indicate Gloind reported no turnover in FY 2025-26, while Tarun Realtors recorded turnover of INR 0.81 million in the same period.
Highlights
- Acquisition date: November 3, 2026
- Expected transaction completion: On or before November 12, 2026
- Gross enterprise value: Approximately INR 519 crores
- 100% equity stake acquired in Gloind Vintage Infra Private Limited
- Gloind owns 100% shares in Tarun Realtors Private Limited
- Transaction is a cash consideration deal, not related party transaction
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
This transaction is not a related party transaction.
The promoter/promoter group of the Company do not have any interest in the transaction.
More News on Acquisition / Amalgamation / Merger / Demerger
View allLatest corporate announcements and market updates in Acquisition / Amalgamation / Merger / Demerger.
Apollo Micro Systems Revises Premier Explosives Share Acquisition to 13,977,911 Shares with 5.45% Oversubscription
Apollo Micro Systems Limited clarified on November 3, 2026, that it acquired 13,977,911 shares of Premier Explosives Limited, with an oversubscription of 5.45%, correcting figures from an earlier disclosure on November 2, 2026.
Read Full Story
Fractal Analytics Subsidiary Asper.AI Inc. Acquires Pricing One SA Assets and Liabilities for CHF 1.32 Million
Fractal Analytics Limited's step-down subsidiary Asper.AI Inc. purchased selected assets and liabilities of Pricing One SA, a Swiss firm, for CHF 1,319,308.76 (INR equivalent 15.21 crore), aiming to acquire talent and expand in Europe.
Read Full Story
Kotak Mahindra Bank Gets CCI Nod for Acquisition of Deutsche Bank India's Retail and Wealth Units
Kotak Mahindra Bank announced receiving Competition Commission of India approval for acquiring Deutsche Bank AG's retail banking, private banking, and wealth management business in India via a slump sale, subject to final conditions and regulatory approvals.
Read Full Story
