Parsvnath raises Rs 269.5 cr through QIP

Parsvnath Developers raised Rs 269.5 crore through private placement of shares with institutional investors. The funds raised through the QIP will be utilised for executing ongoing projects and not to reduce its debt. The company is undertaking the construction of 80 mn sq ft on a fast track basis of the total 195 mn sq ft it possesses. Contact: Parsvnath Developers. Tel: 011-4368 6600. Fax: 011-2331 5400. E-mail: mail@parsvnath.com Website: www.parsvnath.com