Prestige Estates Projects Limited has issued a corporate guarantee for a term loan facility availed by its wholly-owned subsidiary, Prestige Falcon Malls Private Limited. The guarantee covers a loan amount of up to INR 550 Crores. This move supports the subsidiary’s financial activities while representing a contingent liability for Prestige Estates.
Corporate Guarantee Issued
Prestige Estates Projects Limited announced on December 1, 2025, that it is providing a corporate guarantee for a term loan facility secured by its wholly-owned subsidiary, Prestige Falcon Malls Private Limited. This guarantee supports the subsidiary’s financial operations.
Details of the Guarantee
The corporate guarantee has been issued to secure a term loan facility. The beneficiary of the guarantee is Prestige Falcon Malls Private Limited, referred to as the ‘Borrower’ in the announcement.
Loan Amount and Lender
The maximum amount guaranteed by Prestige Estates is up to INR 550 Crores. The lenders for this facility are DBS Bank India Limited and Catalyst Trusteeship Limited.
Impact on Prestige Estates
The corporate guarantee represents a contingent liability for Prestige Estates Projects Limited. However, since the guarantee is for a wholly-owned subsidiary within the consolidated group, the announcement states that there is currently no significant impact on the Company. The guarantee was executed on an arm’s length basis, in compliance with applicable regulations.
Source: BSE