STOCKWATCH

Prestige Estates Projects Ltd. Approves Opening of QIP Issue with Floor Price at 1,755.09

Prestige Estates Projects Ltd. has received board approval and shareholder approval through postal ballot to open a Qualified Institutions Placement (QIP) issue. The Fund Raising Committee has authorized the opening of the issue on August 29, 2024, with the floor price set at 1,755.09 per Equity Share. The 'relevant date' for the purpose of the Issue is also August 29, 2024. The Company may offer a discount of not more than 5% on the floor price. The Issue price will be determined by the Company in consultation with the book running lead managers. The trading window for dealing in the securities of the Company is closed for all 'Designated Persons' as defined in the Code from August 29, 2024 till 48 hours after closure of issue and allotment of shares.

• Prestige Estates Projects Ltd. has received approvals for a QIP issue
• The floor price for the QIP issue is set at 1,755.09 per Equity Share
• The Company may offer a discount of up to 5% on the floor price
• The Issue price will be determined in consultation with book running lead managers
• Trading window for dealing in the securities of the Company is closed for all Designated Persons