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PropShare Celestia allocated Rs 2,378.01 million to Project Celestia and general corporate purposes
12-Oct-2026, 08:51

PropShare Celestia, a third scheme of Property Share Investment Trust, announced that the proceeds from its initial public offering have been utilized in line with the objectives stated in the Final Key Information of the Scheme dated April 17, 2026, with modifications approved by the Audit Committee and Board of Directors of its Investment Manager, PropShare Investment Manager Private Limited, on July 13, 2026. The company disclosed a statement of deviations/variations in use of proceeds for the quarter ended September 30, 2026, which showed Rs 2,378.01 million was allocated towards the acquisition of Project Celestia and payment of sinking fund, while Rs 34.00 million was allocated to general corporate purposes.