Prestige Estates Clarifies Order Impact, Denies Price Link

Prestige Estates Projects Ltd has responded to a rumour verification email regarding a news article linking its share price fall to a Maharashtra Real Estate Appellate Tribunal order. The company clarified that the order, concerning the Turf View project, is routine and in the ordinary course of business. Prestige Estates believes the decision will not materially impact its financial position or operations. They also noted the order was public knowledge prior to the news article, disputing the article's claim of a causal link to the share price movement. The company confirmed no other undisclosed material information exists that could explain the price movement and affirmed compliance with disclosure obligations.