Prestige Estates issues corporate guarantee of up to INR 450 Cr for subsidiary's loan

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PRESTIGE · price

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹1488.00

prior close

₹1478.40

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%-0.5% vs market

Residential Commercial Projects peers, median of 61sector+0.1%-0.2% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 0.2 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Prestige Estates is issuing a corporate guarantee of up to INR 450 Crores to Bajaj Housing Finance Limited to secure a loan being availed by Prestige Projects Private Limited, its subsidiary. The promoter group has no interest in the transaction, which is done at arms length. The company states this is a contingent liability with no current impact on its financials.

Likely market impact

Contingent liability of up to INR 450 Crores backing subsidiary's loan. Could weigh on financials if subsidiary defaults.