Prestige Estates Share Price Rises 2% As Subsidiaries Buy ₹938.75 Crore Stake In Bharatnagar Buildcon

Prestige Estates Projects share price (NSE: PRESTIGE) jumped over 2% on Thursday after 2 of its subsidiaries, Prestige Falcon Realty and Prestige Projects, acquired a partnership interest worth ₹938.75 crore in Bharatnagar Buildcon LLP.

The stock touched an intraday high of ₹1,652.9 before settling 1.7% higher at ₹1,646.9, outperforming the Nifty 50, which was up just 0.20%.

So far this month, the stock has slipped 2%, and is down 2.7%, while the Nifty 50 is up 9%.

As of 12:24 PM, the stock traded at ₹1,644.60, with a day range of ₹1,615.40 – ₹1,662.60. Over the past 52 weeks, it has moved between ₹1,048.05 and ₹1,900.00.

Deal Details: ₹938.75 Crore Investment

Prestige Estates said its subsidiaries have purchased a significant interest in Bharatnagar Buildcon, giving the company an indirect 66.93% stake in the entity. The deal, completed on December 10, 2025, is not a related-party transaction, and promoters are involved only through their shareholding in the company and subsidiaries.

The subsidiaries contributed ₹938.75 crore through capital and current account infusion. Prestige Estates said this acquisition supports its broader business strategy and helps consolidate its position in the target entity.

About Bharatnagar Buildcon

Bharatnagar Buildcon LLP, incorporated in 2011, is involved in real estate development and construction. The company posted a turnover of ₹3,47,272 for the year ending March 31, 2025.

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Prestige Estates Q2 FY26 Earnings Performance

For the September quarter, Prestige Estates reported strong financial growth:

• Net profit surged 95% to ₹457.4 crore
• Total income increased to ₹2,697.8 crore, up from ₹2,423.8 crore last year
• Lower expenses also supported the improved profitability

Chairman and MD Irfan Razack said the company continues to maintain solid financial and operational performance. With a strong launch pipeline, Prestige Estates expects to maintain its growth momentum throughout the rest of the year.

Conclusion

Prestige Estates’ latest acquisition strengthens its real estate portfolio and signals confidence in future growth. With improved quarterly results and a healthy project pipeline, the company appears well-positioned to continue expanding in the coming months.

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