Regulatory13 May 2026, 02:23 pm
Prestige Estates: Monitoring Agency Report for Mar 2026
AI Summary
Prestige Estates Projects Ltd's Monitoring Agency Report for the quarter ended March 31, 2026, issued by ICRA Limited, confirms no deviation in the utilization of QIP proceeds. The report, submitted in compliance with Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicates that the use of issuance proceeds aligns with the stated objectives. Net proceeds have been revised to ₹4899.17 Crore due to an increase in issue-related expenses.
Key Highlights
- ICRA Limited's report confirms no deviation in QIP proceeds utilization by Prestige Estates.
- Net proceeds revised to ₹4899.17 Crore due to increased issue-related expenses.
- Utilization of issuance proceeds is in line with the objects of the issue.
- Report submitted as per SEBI's Listing Obligations and Disclosure Requirements.
Price Impact
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