Parsvnath raises Rs 100 cr

Parsvnath Developers has raised Rs 100 crore by selling 49.9 per cent stake in a housing project at Ghaziabad to private equity (PE) firm Sun Apollo. The 31 acre housing project ‘Parsvnath Exotica’ is being developed by its subsidiary Parsvnath Buildwell. It is Parsvnath’s fifth project based on foreign direct investment. Contact: Parsvnath Developers. Ltd. Tel: 011-4368 6600.. Fax: 011-2331 5400. E-mail: mail@parsvnath.com Website: www.parsvnath.com