In its application, Parsvnath Developers's subsidiary, Parsvnath Infra Ltd, had requested for de-notification of the zone on the grounds that "it has not been possible to acquire some small pockets within the notified area thereby affecting contiguity. And further extension of formal approval has been denied by the Ministry of Commerce".
The IT/ITeS SEZ at Sohna Raod, Gurgaon was notified on August 23, 2007 over an area of 42.4 hectares.
The stock opened at Rs 29.90 and touched a 52-week low of Rs 27.35. Over 32,000 shares were traded so far on both the stock exchanges.