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

Prestige Estates Issues ₹750 Crore Guarantee, Hospitality Arm Withdraws IPO Papers
Photo: Free Press Journal · view original

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...

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