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Prestige Estates Projects Limited ( (IN:PRESTIGE) ) has shared an announcement.
Prestige Estates Projects Limited has announced the issuance of a corporate guarantee for a loan facility of up to INR 175 Crores availed by its wholly-owned subsidiary, Prestige Hospitality Ventures Limited. This guarantee, provided on an arm’s length basis, is a contingent liability and currently has no impact on the company’s financials, but it underscores the company’s support for its subsidiary’s expansion and operational needs.
More about Prestige Estates Projects Limited
Prestige Estates Projects Limited operates in the real estate industry, focusing on the development of residential, commercial, retail, and hospitality projects. The company is known for its extensive portfolio in the Indian market, particularly in Bangalore, and is committed to delivering high-quality construction and design.
YTD Price Performance: -27.02%
Average Trading Volume: 23,933
Current Market Cap: 516.5B INR
For detailed information about PRESTIGE stock, go to TipRanks’ Stock Analysis page.