Parsvnath seeks nod to raise INR 15 bn

Real estate firm Parsvnath Developers has asked for shareholders’ approval to raise up to Rs 15 bn  through issue of equity shares or other securities to finance its projects and pare debt.

The shareholders’ approval has been sought through a special resolution for “raising of additional long-term funds through further issuance of securities”. Parsvnath’s share price closed at Rs 38.10 on BSE, down 2% from previous closing.