PARSVNATH RAISES RS 75 CR

Delhi-based genuine estate association Parsvnath Developers (PDL) has lifted Rs 75 crore by offered 50% interest in the housing plan to US-based in isolation equity organisation Sun Apollo. Sun will deposit Rs 75 crore in the project’s special role car (SPV) which will rise Parsvnath’s residential skill in Gurgaon. With this deal, Parsvnath has lifted Rs 360 crore in the final 6 months by in isolation chain of shares as well as interest sale in the assorted projects. Such account raising practice is meant to cut the debt amounting to Rs 1,600 crore by during slightest half by the finish of this fiscal.

Delhi-based genuine estate association Parsvnath Developers (PDL) has lifted Rs 75 crore by offered 50% interest in the housing plan to US-based in isolation equity organisation Sun Apollo. Sun will deposit Rs 75 crore in the project’s special role car (SPV) which will rise Parsvnath’s residential skill in Gurgaon. With this deal, Parsvnath has lifted Rs 360 crore in the final 6 months by in isolation chain of shares as well as interest sale in the assorted projects. Such account raising practice is meant to cut the debt amounting to Rs 1,600 crore by during slightest half by the finish of this fiscal.

Delhi-based genuine estate association Parsvnath Developers (PDL) has lifted Rs 75 crore by offered 50% interest in the housing plan to US-based in isolation equity organisation Sun Apollo. Sun will deposit Rs 75 crore in the project’s special role car (SPV) which will rise Parsvnath’s residential skill in Gurgaon. With this deal, Parsvnath has lifted Rs 360 crore in the final 6 months by in isolation chain of shares as well as interest sale in the assorted projects. Such account raising practice is meant to cut the debt amounting to Rs 1,600 crore by during slightest half by the finish of this fiscal.

Delhi-based genuine estate association Parsvnath Developers (PDL) has lifted Rs 75 crore by offered 50% interest in the housing plan to US-based in isolation equity organisation Sun Apollo. Sun will deposit Rs 75 crore in the project’s special role car (SPV) which will rise Parsvnath’s residential skill in Gurgaon. With this deal, Parsvnath has lifted Rs 360 crore in the final 6 months by in isolation chain of shares as well as interest sale in the assorted projects. Such account raising practice is meant to cut the debt amounting to Rs 1,600 crore by during slightest half by the finish of this fiscal.

Delhi-based genuine estate association Parsvnath Developers (PDL) has lifted Rs 75 crore by offered 50% interest in the housing plan to US-based in isolation equity organisation Sun Apollo. Sun will deposit Rs 75 crore in the project’s special role car (SPV) which will rise Parsvnath’s residential skill in Gurgaon. With this deal, Parsvnath has lifted Rs 360 crore in the final 6 months by in isolation chain of shares as well as interest sale in the assorted projects. Such account raising practice is meant to cut the debt amounting to Rs 1,600 crore by during slightest half by the finish of this fiscal.

Courtesy:- ET dt:- 12/12/2009

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