Prestige Estates Projects Limited has submitted a clarification letter to the National Stock Exchange of India Limited and BSE Limited regarding a news article published in the Hindu Business Line online edition on June 18, 2026. The article was headlined "Prestige Hospitality reported to have put IPO plans on hold, explores stake sale instead".
The company references its previous stock exchange intimation dated June 21, 2024, in which the Board of the company had constituted a sub-committee. This sub-committee has been authorized to evaluate monetization of the hospitality segment through Prestige Hospitality Ventures Limited, which is a wholly owned subsidiary of the Company. This evaluation is subject to market conditions and receipt of applicable approvals.
The company clarifies that at this stage, there is no material event or information that requires disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company commits to continue making appropriate disclosures in compliance with applicable laws, as and when required.
The letter is signed by Manoj Krishna J V, Company Secretary & Compliance Officer of Prestige Estates Projects Limited, and is addressed to the General Manager of the Department of Corporate Services at NSE and the Manager of the Department of Corporate Services at BSE.