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| Exchange Disseminated Time 24/05/2016 18:25:05 | | Parsvnath Developers Ltd has informed BSE that the Company has, pursuant to Security Purchase Agreement dated May 23, 2016, acquired 12,25,000 Class B Shares and 1,54,17,500 Fully Convertible Debentures of Parsvnath Estate Developers Private Limited (PEDPL), a subsidiary company and SPV implementing the project for development of an office complex on a plot of land admeasuring 15,583.83 sq. mtrs. situated at Bhai Veer Singh Marg, New Delhi from City Centre Monuments, Mauritius, consequent upon which PEDPL has become wholly owned subsidiary of the Company. |
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