The board elevated Venkat K Narayana as the CEO of the company from Executive Director (Finance) and CFO, the Bengaluru-based developer said in a statement.
ICICI Prudential and Kotak Mutual Fund invested in the NCDs issued by Prestige Estates. Bengaluru-based Prestige has raised the funds at a coupon rate of 11.27 per annum payable monthly.
Prestige Estates Projects has declared its third quarter results. In an interview to CNBC-TV18, Venkat K . Narayana, chief financial officer of Prestige Estates Projects says, this year the company’s rental income should be around Rs 180-185 crore. “By 2014-2015, our overall rental portfolio will be around Rs 500 crore,” he adds.