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Prestige Estates Projects Ltd Incorporates Wholly-Owned Subsidiary 'Stellar Prism'
Prestige Estates Projects Limited
January 10, 2026, 07:39 AM
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Prestige Estates Projects Limited has announced the incorporation of a new wholly-owned subsidiary, 'Stellar Prism Private Limited', on January 9, 2026. This incorporation is in line with the company's strategy to carry on real estate development business.
The authorized capital for Stellar Prism Private Limited is ₹10,00,000, with a paid-up capital of ₹1,00,000. The company has subscribed to 10,000 equity shares, representing 100% of the paid-up share capital, through a cash consideration of ₹1,00,000.
Stellar Prism Private Limited is incorporated in India under the Companies Act, 2013, and has not yet commenced its business operations. As a wholly-owned subsidiary, it is considered a related party to Prestige Estates Projects Limited, but the promoter/promoter group/group companies do not have any interest in this transaction, which is conducted at an arm's length.
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