Prestige Estates Projects Limited has fixed September 3, 2025, as the record date for its final dividend of ₹1.80 per equity share for FY 2024–25. The payout will be made to eligible shareholders on or before October 9, 2025, subject to approval at the company’s upcoming AGM.

Prestige Estates Projects Limited, headquartered in Bengaluru, Karnataka, is one of India’s leading real estate development companies. With a diversified portfolio across residential, commercial, retail, and hospitality segments, Prestige Estates is known for large-scale property developments in major Indian cities.

On August 19, 2025, the company informed stock exchanges that it has fixed Wednesday, September 3, 2025, as the record date to determine shareholder eligibility for its final dividend distribution.

Earlier, on May 29, 2025, the company’s Board of Directors had recommended a final dividend of ₹1.80 per equity share of face value ₹10 each for the financial year ended March 31, 2025 (FY25). This recommendation is subject to approval by shareholders at the 28th Annual General Meeting (AGM), scheduled to be held on September 10, 2025, at 11:30 AM at the company’s registered office in Prestige Falcon Tower, Brunton Road, Bengaluru.

If approved, the dividend will be disbursed to eligible shareholders on or before Thursday, October 9, 2025, after applicable tax deductions. The decision underscores Prestige Estates’ continued focus on rewarding its investors while maintaining capital discipline.

Also Read: The ₹2,700 Crore IPO That Could Redefine India’s Hospitality Industry

The announcement has been formally submitted to both BSE Limited (Scrip Code: 533274) and the National Stock Exchange of India Limited (Symbol: PRESTIGE) under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

By confirming the record date and dividend payout schedule, Prestige Estates has provided clarity to its investors ahead of the AGM, reflecting the company’s commitment to shareholder value and transparent communication.

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Read the full article here: Prestige Estates Sets Record Date for FY25 Dividend Distribution — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Prestige Hotel Ventures Ltd has filed a draft prospectus with SEBI for an IPO to raise between ₹2,000 crore and ₹2,500 crore. The IPO will help fund its growth plans and repay debt.

Prestige Hotel Ventures Ltd, a subsidiary of Bengaluru-based real estate giant Prestige Estates Projects Ltd, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company seeks to raise between ₹2,000 crore and ₹2,500 crore through the offering, with a total issue size of ₹2,700 crore.

Founded by Prestige Estates Projects Ltd, Prestige Hotel Ventures operates as the hospitality arm of the group, managing high-profile properties such as the JW Marriott Prestige Golfshire and Conrad Bengaluru. The company owns and operates a variety of hospitality assets across major cities in India, including Bengaluru, Delhi-NCR, Mumbai, Goa, Hyderabad, and Chennai.

The proposed IPO will include a fresh equity issue amounting to ₹1,700 crore and an offer for sale of ₹1,000 crore by existing shareholders. The proceeds from the IPO will be used primarily for debt repayment and to fund growth plans within the hospitality sector, including potential acquisitions and strategic ventures. A portion of the funds will also be allocated for general corporate purposes.

Prestige Hotel Ventures has reported strong financial growth, with a revenue of ₹662.681 crore for the nine months ending December 31, 2024, showing a 18.2% increase from the ₹560.343 crore reported in the same period the previous year. The company has been expanding its portfolio at a compound annual growth rate (CAGR) of 6.89% from FY22 to FY24.

The IPO is expected to attract significant attention from investors looking to tap into India’s growing hospitality sector. JM Financial Limited, CLSA India Private Limited, J.P. Morgan India Private Limited, and Kotak Mahindra Capital Company Limited are serving as the exclusive Book Running Lead Managers for the offering.

With hospitality demand on the rise and Prestige Hotel Ventures’ strategic expansion in key metropolitan areas, the upcoming IPO is seen as an opportunity for investors to gain exposure to India’s vibrant hospitality industry.

Read the full article here: The ₹2,700 Crore IPO That Could Redefine India’s Hospitality Industry — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).