Prestige Estates Projects Limited announced it is issuing a Corporate Guarantee to support a loan being raised by its subsidiary, Prestige Projects Private Limited. The guarantee is provided to Bajaj Housing Finance Limited for a facility up to INR 450 Crores. The company confirmed the transaction was conducted on an arm’s length basis. At the time of disclosure on February 19, 2026, this guarantee represents a contingent liability with no immediate impact on the listed entity.
Corporate Guarantee Issued to Subsidiary
Prestige Estates Projects Limited has officially disclosed the issuance of a Corporate Guarantee on February 19, 2026. This guarantee is being provided to secure financing that the subsidiary, Prestige Projects Private Limited (referred to as the “Borrower”), is availing.
Transaction Details
The details of the arrangement confirm the counterparty to the guarantee and the facility amount:
- Borrower Name: Prestige Projects Private Limited
- Lender/Trustee: Bajaj Housing Finance Limited
- Amount of Facility: Up to INR 450 Crores
Compliance and Interest Disclosure
The management has affirmed that the promoter/promoter group holds no interest in this specific transaction. Furthermore, the corporate guarantee has been provided by the parent company on an arm’s length basis, adhering to all applicable provisions of relevant corporate laws and listing regulations.
Impact Assessment on Listed Entity
The provided guarantee constitutes a contingent liability for Prestige Estates Projects Limited. Since the guarantee supports a loan for a subsidiary that is part of the consolidated group, the company stated that, at this point, there is no impact of this guarantee on the listed entity itself.
Source: BSE
