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Prestige Estates Projects Limited — Capital/Financing Update 2024
Sep 5, 2024
62301_rns_2024-09-05_7d4b68fc-d5c4-4852-b766-a99223c187b3.pdf
Capital/Financing Update
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Date: September 5, 2024
BSE Limited The National Stock Exchange of India Department of Corporate Services Limited Floor 25, Phiroze Jeejeebhoy Towers Listing Department Dalal Street, Fort Exchange Plaza Mumbai 400 001 Bandra Kurla Complex, Bandra (East) BSE Scrip Code : 533274 Mumbai 400 051 NSE Scrip Symbol : PRESTIGE
- Sub: Disclosure of the details of allotment in the Issue (as defined hereinafter) by Prestige Estates Projects Limited (the “Company”) in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements), 2015, as amended (the “SEBI Listing Regulations”)
Re: Qualified institutional placement of equity shares of face value ₹ 10 each (the “Equity Shares”) by the Company under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62 of the Companies Act, 2013 including the rules made thereunder, as amended (the “Issue”).
Dear Sir/ Madam,
Please note that the Fund Raising Committee of the board of directors of the Company (the “ Committee ”) has, at its meeting held today i.e. September 5, 2024 approved the issue and allotment of 2,98,68,578 Equity Shares to eligible qualified institutional buyers at an issue price of ₹ 1,674 per Equity Share (including a premium of ₹ 1,664 per Equity Share) [(which includes a discount of ₹ 81.09 per Equity Share (4.62% of the floor price, as determined in terms of the SEBI ICDR Regulations)] against the floor price of ₹ 1,755.09 per Equity Share, aggregating to ₹ 5,000 crores (Rupees Five Thousand Crores only), pursuant to the Issue.
The Issue opened on August 29, 2024 and closed on September 4, 2024 and the same was intimated to you through our letters dated August 29, 2024 and September 4, 2024 respectively.
Further, please find attached herewith the list of allottees who have been allotted more than five percent (5%) of the Equity Shares offered in the Issue, marked as Annexure A .
The information as required under Regulation 30 of SEBI Listing Regulations read with Schedule – III part- A to the SEBI Listing Regulations and SEBI circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, each as amended is as follows:
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Type of securities issued and allotted Equity Shares
(viz. equity shares, convertibles etc.)
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| Type of securities issued and allotted (viz. equity shares, convertibles etc.) Equity Shares |
Type of securities issued and allotted (viz. equity shares, convertibles etc.) Equity Shares |
|---|---|
| Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) |
Qualified Institutions Placement |
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322
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Total no. of securities issued or the 2,98,68,578 Equity Shares at an issue price of ₹ 1,674 per total amount for which the securities Equity Share (including a premium of ₹ 1,664 per Equity have been issued (approximately) Share), aggregating to ₹ 5,000 crores
Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to ₹ 430.730 crore, comprising 430,730,232 Equity Shares.
The meeting of the Committee commenced at 07:30 p.m. and concluded at 08:20 p.m.
We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Thanking you,
Yours faithfully,
For Prestige Estates Projects Limited
VENKATARATHNAIAH Digitally signed by SETTY JEELAKUNTE VENKATARATHNAIAH SETTY MANOJ KRISHNA JEELAKUNTE MANOJ KRISHNA Manoj Krishna J V Company Secretary and Compliance Officer
Encl : (i) Annexure A
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322
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ANNEXURE A
LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5% OF THE EQUITY SHARES OFFERED IN THE ISSUE
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Sr. No. of Equity % of Total Category
Name of the Allottees
No. Shares Allotted Issue size
MF
1 ICICI PRUDENTIAL FOCUS EQUITY FUND 14,93,429
5.00
IC
2 17,92,115
HDFC LIFE INSURANCE COMPANY LIMITED 6.00
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE MF
3 LIMITED A/C - ADITYA BIRLA SUN LIFE ELSS
TAX SAVER FUND 562,850 1.88
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE MF
4 LIMITED A/C ADITYA BIRLA SUN LIFE 5.00
FRONTLINE EQUITY FUND 844,275 2.83
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE MF
5 LIMITED A/C ADITYA BIRLA SUN LIFE SMALL
CAP FUND 86,304 0.29
FIC
6 3,584,693
NEW WORLD FUND INC 12.00
NPS TRUST- A/C HDFC PENSION PPF
7 MANAGEMENT COMPANY LTD SCHEME E -
TIER I 5,76,479 1.93
NPS TRUST- A/C HDFC PENSION PPF
8 MANAGEMENT COMPANY LTD SCHEME E -
TIER II 20,881 0.07
NPS TRUST-A/C HDFC PENSION 5.00 PPF
9 MANAGEMENT COMPANY LTD SCHEME TAX
SAVER-TIER 2 12 0.00
NPS TRUST- A/C SBI PENSION FUND SCHEME PPF
10
E - TIER I 716,845 2.40
NPS TRUST- A/C SBI PENSION FUND SCHEME PPF
11
E - TIER II 179,213 0.60
MAX LIFE INSURANCE COMPANY LIMITED IC
12 A/C REVERSIONARY BONUS PARTICIPATING -
EQUITY 682,795 2.29
MAX LIFE INSURANCE COMPANY LIMITED IC
13 A/C - ULIF01311/02/08LIFEHIGHGR104 - HIGH
GROWTH FUND 533,453 1.79
MAX LIFE INSURANCE COMPANY LIMITED IC
14 A/C - ULIF00125/06/04LIFEGROWTH104 - 5.50
GROWTH FUND 184,588 0.62
MAX LIFE INSURANCE CO LTD A/C IC
15 DIVERSIFIED EQUITY FUND
(ULIF02201/01/20LIFEDIVEQF104) 106,930 0.36
Max Life Insurance Company Limited A/c - IC
16 ULIF00225/06/04LIFEBALANC104 - Balanced
Fund 42,413 0.14
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Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322
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MAX LIFE INSURANCE CO LTD A/C IC
17 SUSTAINABLE EQUITY FUND -
ULIF02505/10/21SUSTAINEQU104 44,803 0.15
18 MAX LIFE INSURANCE COMPANY LIMITED 29,869 0.10 IC
MAX LIFE INSURANCE CO LTD PENSION IC
19 MAXIMISER FUND
(ULIF01715/02/13PENSMAXIMI104) 17,921 0.06
MF
20 16,42,772
MOTILAL OSWAL MIDCAP FUND 5.50
21 BANDHAN STERLING VALUE FUND 597,372 2.00 MF
22 BANDHAN SMALL CAP FUND 311,231 1.04 MF
23 BANDHAN CORE EQUITY FUND 249,104 0.83 MF
5.00
24 BANDHAN MULTI CAP FUND 149,342 0.50 MF
25 BANDHAN FLEXI CAP FUND 124,253 0.42 MF
26 BANDHAN MIDCAP FUND 62,127 0.21 MF
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For Prestige Estates Projects Limited
VENKATARATHNAIAH Digitally signed by VENKATARATHNAIAH SETTY JEELAKUNTE SETTY JEELAKUNTE MANOJ KRISHNA MANOJ KRISHNA Manoj Krishna J V Company Secretary and Compliance Officer
Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore – 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : [email protected] www.prestigeconstructions.com CIN : L07010KA1997PLC022322