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| Exchange Received Time 29/09/2018 12:59:32 Exchange Disseminated Time 29/09/2018 12:59:39 Time Taken 00:00:07 | | Pursuant to Regulation 30 read with Part A of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Members of Parsvnath Developers Limited (the 'Company') at their meeting held on September 28, 2018, by way of a special resolutions, have approved the proposal to divest its 100% stake in Parsvnath Estate Developers Private Limited, comprising of 37,75,000 Class A Equity Shares and 12,25,000 Class B Equity Shares of Rs. 10/- each and in Primetime Realtors Private Limited, comprising of 10,000 Equity Shares of Rs. 10/- each, wholly-owned subsidiaries of the Company, on such terms and conditions as the Board of Directors of the Company may deem fit and appropriate in the interest of the Company. |
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