- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Prestige Estates Projects Limited has announced a board meeting to review the utilization of proceeds from its ₹5000 Cr QIP. Out of ₹4899.17 Cr net proceeds, ₹1500 Cr was used to repay borrowings, ₹1000 Cr for land acquisition, ₹579.75 Cr invested in subsidiaries and joint ventures, and ₹1149.17 Cr for general corporate purposes. Unutilized funds of ₹699.61 Cr are parked in fixed deposits yielding 4.75%-7.2%. Project timelines and fund deployment are progressing as planned, indicating healthy financial discipline and focused use of capital.