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Prestige Estates’ Monitoring Report Confirms No Deviation in QIP Proceeds Use

Story Highlights
  • Prestige Estates received a monitoring report confirming QIP proceeds were used as planned.
  • ICRA found no deviation in fund utilisation, underscoring compliance and governance for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prestige Estates’ Monitoring Report Confirms No Deviation in QIP Proceeds Use

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The latest update is out from Prestige Estates Projects Limited ( (IN:PRESTIGE) ).

Prestige Estates Projects Limited has disclosed that the monitoring agency, ICRA Limited, has submitted its report for the quarter ended 31 December 2025 confirming that there is no deviation in the utilisation of proceeds raised through its qualified institutional placement (QIP). The agency stated that the funds have been used in line with the stated objects of the issue, indicating adherence to regulatory requirements and reinforcing governance standards around capital deployment for shareholders and market regulators.

More about Prestige Estates Projects Limited

Prestige Estates Projects Limited is a Bengaluru-based real estate developer engaged in the development of residential, commercial, retail and mixed-use projects across key Indian markets. The company is listed on both the National Stock Exchange of India and BSE, reflecting its presence in the public capital markets and access to institutional investors.

Average Trading Volume: 25,067

Technical Sentiment Signal: Sell

Current Market Cap: 599.2B INR

Learn more about PRESTIGE stock on TipRanks’ Stock Analysis page.

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