Prestige Estates Projects has redeemed Non-Convertible Debentures (NCDs) of 2015 Series worth Rs 50 crore out of the total principle amount of Rs 500 crore. The NCDs has a maturity date on April 23, 2018.
Post redemption of Rs 50 cores, the outstanding principle amount stands at Rs 450 crore.
Prestige Estates Projects is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.
