Prestige Estates Projects has acquired 100 per cent of the equity share capital of Gloind Vintage Infra for an enterprise value of Rs. 5.19 bn, the real estate developer said in a regulatory filing. The all-cash transaction was completed through the company’s subsidiary, Prestige Retail Ventures.

The acquisition was made from DSFF Series 2, a scheme of Dickey Special Situation Investment Trust, and Jasbir Singh. The transaction was executed under a Securities Purchase Agreement dated November 3, 2026.

Following the acquisition, Gloind Vintage Infra has become a wholly owned step-down subsidiary of Prestige Estates Projects. The parent company will hold the entity indirectly through Prestige Retail Ventures.

The enterprise value of the transaction is approximately Rs. 5.19 bn, while the equity shares were purchased for Rs. 0.5 mn. The filing identified the transaction as an all-cash deal and stated that the acquisition covered 100 per cent of Gloind Vintage Infra’s equity share capital.

Through its indirect ownership of Gloind Vintage Infra, Prestige Estates Projects will also own and control 100 per cent of Tarun Realtors, which is a subsidiary of Gloind Vintage Infra. The transaction therefore expands the group’s indirect ownership of the associated real estate business.

Prestige Group, the developer’s wider business group, has a presence across major cities in India. The company operates in the real estate sector, while the filing did not disclose further details about the assets, financing structure or expected financial contribution of the acquired entities.