Prestige Estates Guarantees ₹450 Cr Subsidiary Loan

Prestige Estates Projects Ltd has issued a corporate guarantee for a loan of up to INR 450 Crores availed by its subsidiary, Prestige Projects Private Limited. 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.