Prestige Group seeks to raise up to $400m before REIT listing

Prestige Group seeks to raise up to $400m before REIT listing

Prestige chief executive Venkat K. Narayana.

Real estate firm Prestige Group is in talks with 2-3 large investors to raise $300-400 million, by monetising some of its retail mall and office assets, before it goes a real estate investment trust (REIT) listing in a year or so.

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