Prestige Estates Projects Limited and its wholly-owned subsidiary, Village De Nandi Private Limited, have retired as partners from M/s. Maheshwaram Land Holdings effective June 3, 2025.
The company held 99.99% and Village De Nandi Private Limited held 0.01% partnership interest in the firm.
The total fixed capital contribution by the partners in Maheshwaram Land Holdings as on March 31, 2025, was ₹ 1,00,000.
Turnover for the year ended March 31, 2025, was Nil.
The partners have withdrawn their Fixed and Current account contribution of ₹ 50 crores.
The Promoters do not hold any interest in the partnership firm.
The transaction is not a related party transaction.