Real estate developer Prestige Estates Projects Ltd has abandoned a plan to sell a stake in its office portfolio to Singapore’s sovereign wealth fund GIC Pte Ltd. The Bengaluru-based company signed a term sheet with GIC in February to sell a 40% stake in a clutch of office projects for about Rs 2,000 crore. The transaction was expected to close within 60-90 days, Prestige said at the time.
End the Year with a Deal You Can’t Miss!
Subscribe now and save 40% on our premium subscription.
Enjoy unlimited access for a full year at just $199 (usual price $339).
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Offer valid for a limited time – don’t wait to unlock the insights that drive deal-making in Asia!
Subscribe nowAlready a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
