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Prestige Estates Confirms Proper Utilization of QIP Proceeds

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Prestige Estates Confirms Proper Utilization of QIP Proceeds

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Prestige Estates Projects Limited ( (IN:PRESTIGE) ) has provided an announcement.

Prestige Estates Projects Limited has released its Monitoring Agency Report for the quarter ending September 30, 2025, confirming that there has been no deviation in the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, issued by ICRA Limited, assures stakeholders that the funds have been used as intended, aligning with the company’s strategic objectives and maintaining transparency in its financial operations.

More about Prestige Estates Projects Limited

Prestige Estates Projects Limited is a prominent player in the real estate industry, primarily focused on developing residential, commercial, retail, and hospitality properties. The company is known for its significant market presence in India, particularly in the southern regions, and is recognized for its commitment to quality and innovation in construction and design.

Average Trading Volume: 16,670

Technical Sentiment Signal: Strong Buy

Current Market Cap: 739.3B INR

For a thorough assessment of PRESTIGE stock, go to TipRanks’ Stock Analysis page.

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