Real Estate firm Parsvnath today said it has raised Rs 355 crore through private placement of debentures.
In a regulatory filing, Parsvnath Developers said it has allotted unlisted, secured, redeemable, non-convertible debentures having face value of Rs 5 lakh each aggregating to Rs 355 crore on private placement basis on March 30.
Sources said that the fund has been raised from Edelweiss and it will be used to prepay debt of the company.
Last month, the company had said it will cut net debt by up to Rs 400 crore and invest the rest on ongoing projects after receiving Rs 572 crore from Chandigarh Housing Board in a settlement of dispute over a realty project.
Shares of the company today closed at Rs 18.65 apiece on BSE.
In the fast-evolving landscape of Indian broadcasting, one name stands out for laying the foundation…
23rd May’25, New Delhi, India – Piccadily Agro Industries Limited, producers of the most awarded…
IVF has been a beacon of hope in the world of those who’re facing challenges…
IndoBevs, established in 2007, is not just a company that strived to enter the AlcoBev…
Building a successful entrepreneurial mindset is the key to turning your business dreams into reality.…
Jag Mohan Garg, Chairman & Managing Director (CMD) of Tirupati Infraprojects, extends heartiest congratulations to…