Announced Wed, 1 Jul · 17:24 IST
Corporate Guarantee for subsidiary's INR 450 Cr loan from Bajaj Housing Finance
PRESTIGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹1629.00
prior close
₹1643.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.5+0.5+0.5+2.5+4.3+2.5+0.1+2.8+5.6+0.2———
Up moveDown movePending
AI summary
Prestige Estates Projects is issuing a corporate guarantee of up to INR 450 Crores to Bajaj Housing Finance Limited to secure a loan being availed by its wholly owned subsidiary Prestige Projects Private Limited. The guarantee is on an arm's length basis with no promoter interest. The listed entity treats this as a contingent liability and states there is no immediate financial impact, as the subsidiary is part of the consolidated group.
Likely market impact
Contingent liability of up to 450 Cr for the parent; no immediate impact but increases overall group debt exposure if subsidiary defaults.