Exora Business Parks owns, directly or indirectly, many operating and under-construction office properties of Prestige Estates Projects. Ltd has entered into a preliminary term-sheet with Bengaluru-based realty player Prestige Estates Projects Ltd to pick up a minority stake in the latter’s subsidiary. Prestige Estate’s wholly-owned subsidiary Prestige Exora Business Parks Ltd and Reco Jade Ind Pvt. Ltd, have entered into a preliminary term sheet for picking up minority stake by Reco in Exora, the developer said in a filing to BSE. Exora Business Parks owns, directly or indirectly, many operating and under-construction office properties of the developer.

Source: Mint February 27, 2018 16:30 UTC