Prestige Estates to acquire 100% stake of Gloind Vintage for ₹519 cr enterprise

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Gloind to become a wholly owned step-down subsidiary of Prestige Estates

By PTI

Updated - November 04, 2026 at 07:47 AM. | New Delhi

Prestige Group is one of the leading real estate developers in India.

Realty firm Prestige Estates Projects Ltd on Tuesday said it has acquired 100 per cent equity of Gloind Vintage Infra for an enterprise value of ₹519 crore.

In a regulatory filing, the company informed that its subsidiary Prestige Retail Ventures has acquired 100 per cent of the equity share capital of Gloind Vintage Infra Pvt Ltd.

The acquisition has been done from DSFF Series 2, a scheme of Dickey Special Situation Investment Trust, and Jasbir Singh, pursuant to a Securities Purchase Agreement dated November 3, 2026.

With this acquisition, Gloind has become a wholly owned step-down subsidiary of the company.

"Gross enterprise value of approximately ₹519 crore, and purchase of equity shares at ₹5 lakh," Prestige said, adding that it is an all-cash deal.

Upon completion of the deal, Prestige Estates will indirectly hold, through Prestige Retail Ventures, of Gloind's equity share capital.

It will also have indirect ownership and control of 100 per cent of Tarun Realtors, a subsidiary of Gloind Vintage Infra.

Prestige Group is one of the leading real estate developers in the country. It has presence across major cities of India.

Published on November 4, 2026

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