PRESTIGE GROUP : ISSUES CORPORATE GUARANTEE FOR LOAN AVAILING BY WHOLLY OWNED SUBSIDIARY PRESTIGE HOSPITALITY VENTURES LIMITED.

• Prestige Estates Projects Limited issuing corporate guarantee towards loan availed by Prestige Hospitality Ventures Limited, a wholly owned subsidiary. • The corporate guarantee has been provided on an arm's length basis. • The guarantee is for loan availed by Prestige Hospitality Ventures Limited from Axis Bank Limited for up to ₹400 Crores. • Impact: Neutral (Issuance of corporate guarantee for a wholly owned subsidiary's loan does not immediately impact the company's financials.)

Prestige Estates Projects Ltd

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