Parsvnath Estate Developers becomes a subsidiary of Parsvnath Developers
Parsvnath Developers has, pursuant to Security Purchase Agreement dated 23 May 2016, acquired 12,25,000 Class B Shares and 1,54,17,500 Fully Convertible Debentures of Parsvnath Estate Developers (PEDPL), a subsidiary company and SPV implementing the project for development of an office complex on a plot of land admeasuring 15,583.83 sq. mtrs. situated at Bhai Veer Singh Marg, New Delhi from City Centre Monuments, Mauritius, consequent upon which PEDPL has become wholly owned subsidiary of the Company.Powered by Capital Market - Live News
