Prestige Estates Projects to Provide Guarantee to Subsidiary's Loan

MT Newswires Live

2025/05/06

Real estate developer Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) has agreed to provide a corporate guarantee for a loan facility being availed by its wholly-owned subsidiary Prestige (BKC) Realtors, according to a Monday filing to the Indian bourses.

Prestige (BKC) plans to secure a loan facility of up to 21.1 billion Indian rupees from the State Bank of India (NSE:SBIN, BOM:500112) and Catalyst Trusteeship.

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