Company News: Prestige Estate Projects

Reco Jade Ind Pvt Ltd, a unit of GIC (Realty) Pte Ltd of Singapore, has signed an initial agreement to buy a minority stake in Prestige Estate Projects’ wholly-owned subsidiary Prestige Exora Business Parks. Prestige Estates Projects informed about the agreement in a filing to the stock exchanges on Monday. Shares of Prestige Estate Projects closed 5.6 per cent higher at ₹331.85 on the NSE.