 "Prestige Estates raises ₹5,000 crore amid declining profits, expanding into Mumbai and Delhi-NCR markets despite project launch delays.")
Prestige Estates raises ₹5,000 crore amid declining profits, expanding into Mumbai and Delhi-NCR markets despite project launch delays.
Prestige Estates Projects Ltd, a major real estate developer, has successfully raised Rs 5,000 crore through a Qualified Institutional Placement (QIP) aimed at institutional investors. The share allocation consisted of nearly 29.9 million equity shares priced at Rs 1,674 each, reflecting a 4.62% discount from the floor price. With a strong presence in southern India, ...
