Loan & Debt16 Jul 2026, 07:20 pm
Prestige Estates Guarantees ₹370 Cr Loan for Subsidiary
AI Summary
Prestige Estates Projects Ltd has announced the issuance of a corporate guarantee for a loan amounting to up to INR 370 Crores availed by its wholly-owned subsidiary, Prestige Alta Vista Properties LLP. The guarantee is provided on an arm's length basis and complies with relevant regulations. The company states that this guarantee represents a contingent liability and currently has no impact on the listed entity, as the subsidiary is part of the consolidated group. The lender for this facility is Axis Bank Limited.
Key Highlights
- Prestige Estates issued corporate guarantee for subsidiary's loan.
- Loan facility secured is up to INR 370 Crores from Axis Bank.
- Subsidiary involved is Prestige Alta Vista Properties LLP.
- Guarantee is on an arm's length basis.
- Currently no impact on the listed entity's financials.
Price Impact
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