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Parsvnath to raise funds through private placement

Posted on 03 June 2009

From Thehindubusinessline.com: Indian realty major Parsvnath Developers plans to raise Rs 500-750 crore through private placements of shares by the end of this month for reducing the company’s debt and completion of its ongoing projects.

In the first phase, the company is likely to raise $100-150 million (Rs 500-750 crore) through qualified institutional placements (QIPs), sources said…….Full Article: Source


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