Prestige Estates Projects Limited — Others, 30-06-2025: Giving guarantees/indemnity/ becoming a surety for third party

Prestige Estates Projects Limited has announced a corporate guarantee for a term loan facility of up to INR 712 Cr being availed by its joint venture, Bamboo Hotel and Global Centre (Delhi) Private Limited. The guarantee involves Kotak Mahindra Bank, RBL Bank, Federal Bank, and Aditya Birla Finance Limited, with Catalyst Trusteeship Limited as security trustee. This guarantee is a contingent liability and currently has no impact on Prestige’s financial position. The transaction is at arm’s length, with both JV promoters providing guarantees.