Prestige issues corporate guarantee for subsidiary loan up to Rs 450 Crore

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PRESTIGE · price

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

+2.5%Reaction day

₹1629.00

prior close

₹1643.50

announcement price

After-mkt

timing

Nifty Midcap 150market+0.5%+2.0% vs market

Residential Commercial Projects peers, median of 64sector+0.1%+2.5% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Midcap 150 and 2.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+0.5+2.0+0.1+2.5

Next day

+2.5+0.3+2.3+0.9+1.6

+4.3+0.7+3.6+1.5+2.8

+2.5+0.4+2.1+1.0+1.5

+0.1-1.3+1.3-1.0+1.1

+2.8+0.1+2.7-0.2+3.0

+5.6+1.5+4.1+2.2+3.4

15d

+0.2-0.5+0.8-1.4+1.6

+2.5+2.6-0.1-0.1+2.6

-3.3+1.3-4.5-2.6-0.7

-11.3-4.7-6.6-4.1-7.2

UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 64Pending

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

AI summary

Prestige Estates Projects is issuing a corporate guarantee of up to Rs 450 crore to Bajaj Housing Finance Limited to secure a loan availed by its subsidiary, Prestige Projects Private Limited. The guarantee is a contingent liability for the parent company, provided on an arm's length basis. No promoter group interest is involved. The company states there is no immediate impact on itself at this point.

Likely market impact

Contingent liability of up to Rs 450 crore added for the parent. No immediate cash impact, but raises overall group debt exposure.