Prestige Estates Projects Acquires Full Stake in Aspire Spaces Tellapur LLP

Prestige Estates Projects, one of India's leading real estate developers, has announced the acquisition of a 100% partnership interest in Aspire Spaces Tellapur LLP. This strategic move is aimed at expanding the company's footprint in the vibrant and rapidly growing Hyderabad real estate market. The acquisition aligns with Prestige Estates' broader strategy to capitalize on high-growth opportunities and diversify its portfolio.

The acquisition of Aspire Spaces Tellapur LLP is a significant milestone for Prestige Estates Projects. Aspire Spaces Tellapur LLP holds a prime piece of land in Tellapur, a suburb of Hyderabad, known for its burgeoning real estate sector. The acquisition will enable Prestige Estates to leverage its expertise in residential and commercial development, bringing high-quality projects to this emerging market.

In addition to the acquisition, Prestige Estates Projects has also issued a corporate guarantee for its subsidiary, Bharatnagar Buildcon LLP, to secure a term loan facility from Canara Bank. The guarantee, up to ₹300 crores, demonstrates the parent company's commitment to supporting its subsidiary's financial needs and project execution.

Corporate Guarantee Details

The corporate guarantee has been structured to ensure regulatory compliance and transparency. The key details of the guarantee are as follows:

- Bank/Lender: Canara Bank - Guarantee Amount: Up to ₹300 crores - Beneficiary: Bharatnagar Buildcon LLP - Nature: Term Loan Facility

Regulatory Compliance and Transaction Terms

Prestige Estates Projects has structured the corporate guarantee in compliance with applicable regulatory frameworks, including the Companies Act, 2013 and SEBI Listing Regulations. The company has confirmed that the guarantee is provided on an arm's length basis, ensuring transparency and fairness in the transaction. Promoters and promoter groups have no interest in this transaction, further reinforcing the arms-length nature of the arrangement.

Financial Impact Assessment

The corporate guarantee represents a contingent liability for Prestige Estates Projects Limited. However, the company has stated that there is no immediate impact on its operations, as the guarantee is provided on behalf of a subsidiary that forms part of the consolidated group. The financial impact is categorized as follows:

- Liability Type: Contingent Liability - Current Impact: No immediate impact on the Company - Relationship: Subsidiary within consolidated group

SEBI Disclosure Requirements

The disclosure of the corporate guarantee was made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated on January 30, 2026. This ensures that stakeholders are informed about material developments that could affect the company's financial position. The structured approach to disclosure reflects the company's commitment to transparency and adherence to listing obligations.

Historical Stock Returns for Prestige Estates Projects

Prestige Estates Projects has shown strong performance in the stock market over the past few years. The historical stock returns are as follows:

- 1 Day: +0.23% - 5 Days: -3.93% - 1 Month: +0.39% - 6 Months: -4.48% - 1 Year: +23.27% - 5 Years: +418.43%

The acquisition of Aspire Spaces Tellapur LLP and the issuance of the corporate guarantee are strategic moves that position Prestige Estates Projects for continued growth and success in the Indian real estate market. The company's focus on regulatory compliance and transparency further strengthens its reputation as a reliable and responsible developer.