Loan & Debt25 Sept 2026, 06:40 pm
Prestige Estates Guarantees ₹750 Cr Loan for Subsidiary
AI Summary
Prestige Estates Projects Ltd announced the issuance of a corporate guarantee to secure a loan of up to INR 750 Crores for its subsidiary, Prestige Falcon Mumbai Realty Ventures Private Limited. The guarantee is provided on an arm's length basis and is considered a contingent liability for the company. The subsidiary is the borrower, and ICICI Bank is the lender. The company stated that this guarantee currently has no impact on the listed entity as it is provided on behalf of a subsidiary within the consolidated group.
Key Highlights
- Company issued corporate guarantee for subsidiary loan.
- Loan facility secured is up to INR 750 Crores.
- Guarantee provided to ICICI Bank for subsidiary's borrowing.
- Transaction is on an arm's length basis.
- Currently no impact on the listed entity's financials.
Price Impact
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