Prestige Estates Projects Issues Corporate Guarantee of ₹400 Crores for Joint Venture Term Loan

Prestige Estates Projects Limited has issued a corporate guarantee of up to ₹400 crores to secure a term loan facility for its joint venture Canopy Living LLP from Aditya Birla Capital Limited. The transaction, disclosed on March 9, 2026, complies with SEBI Listing Regulations and has been conducted on an arm's length basis with no promoter group interest. The guarantee represents a contingent liability with no immediate impact on the company's operations.