Prestige group, the Bengaluru-based real estate developer, acquired a 50 per cent stake in Mumbai-based company — Pandora Projects Private Limited — on January 7.
Pandora Projects was incorporated in 2014 and is into real estate development, which is in the initial stage.
In a regulatory filing to exchanges, the company said the shares of the Pandora Projects were subscribed at ₹50,000 and it has plans to undertake real estate development on a joint venture basis.