Top picks! Dalmia Bharat, Prestige Estates Projects among 7 small & midcap stocks that can rally up to 27% – Top picks
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READ MOREPrestige Estates to use Rs 5k-cr QIP raise to pare debt, acquire assets, says CMD Irfan Razack
Bengaluru: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide.βWe plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,β Irfan Razack, chairman and managing…
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Prestige Estates Projects Q1 profit down 13 pc to Rs 232.6 cr
Realty firm Prestige Estates Projects has reported a 13 per cent decline in its consolidated net profit to Rs 232.6 crore in the June 2024 quarter on higher expenses. Its net profit stood at Rs 266.9 crore in the year-ago period. Total income rose to Rs 2,024.5 crore in the April-June period of 2024-25 fiscal…
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