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Prestige Estates Issues ₹750 Crore Guarantee, Hospitality Arm Withdraws IPO Papers

Mumbai: Prestige Estates Projects has issued a corporate guarantee of up to Rs 750 crore in favour of ICICI Bank to secu...

By Dhallo News · September 27, 2026 at 5:20 PM IST
Prestige Estates Issues ₹750 Crore Guarantee, Hospitality Arm Withdraws IPO Papers
Source: Free Press Journal - General

Mumbai: Prestige Estates Projects has issued a corporate guarantee of up to Rs 750 crore in favour of ICICI Bank to secure a loan facility for its subsidiary, Prestige Falcon Mumbai Realty Private Ltd.The company disclosed the guarantee in a regulatory filing dated September 25. The arrangement supports the borrowing being availed by the Mumbai subsidiary, with Prestige Estates providing...

SOURCE: Free Press Journal - General
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DHALLO EDITORIAL STATUS: Aggregated & reviewed
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