Wins $1.4 Billion Mumbai Home Project from Bankruptcy
Estimates revenues of more than 100 billion rupees ($1.4 billion) from the 7.5 million square feet under development. “This will be their largest project in Mumbai .Creditors had combined claims of about 25 billion rupees, of which Prestige offered to pay 16 billion rupees Under the resolution plan, Prestige will pay 3.70 billion rupees upfront to creditors and allot them some 800,000 square feet of fully constructed area.
Prestige Estate Projects has acquired 45% stake in M/s Century Megacity and 55% stake in M/s. Century Landmark
Estimates revenues of more than 100 billion rupees ($1.4 billion) from the 7.5 million square feet under development. “This will be their largest project in Mumbai .Creditors had combined claims of about 25 billion rupees, of which Prestige offered to pay 16 billion rupees Under the resolution plan, Prestige will pay 3.70 billion rupees upfront to creditors and allot them some 800,000 square feet of fully constructed area.
Prestige Estate Projects has acquired 45% stake in M/s Century Megacity and 55% stake in M/s. Century Landmark
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.