Prestige Estates Issues ₹750 Crore Guarantee, Hospitality Arm Withdraws IPO Papers

Prestige Estates Issues ₹750 Crore Guarantee, Hospitality Arm Withdraws IPO Papers

Prestige Estates issued a guarantee of up to Rs 750 crore for a subsidiary’s ICICI Bank loan, while its hospitality arm withdrew proposed IPO papers amid uncertain market conditions.