Realty major Parsvnath Developers today said it has raised Rs 168 crore by issuing shares to qualified institutional buyers.
The company has closed the bid for the private placement of shares and has allotted 1.38 crore shares at Rs 121.25 a piece, aggregating to Rs 168 crore, Parsvnath Developers said in a filing to the Bombay Stock Exchange.
The board of directors met on October 1 and decided to close the bid period for private placement of shares, the filing added.
Earlier on October 1, the company had announced selling additional four per cent stake in a North-Delhi project to Red Fort Capital for Rs 25 crore. In June, it had sold 18 per cent stake in the same project to Red Fort Capital for Rs 90 crore.