Parsvnath gets shareholders' nod to raise up to Rs 2,000 crore

Real estate developer Parsvnath today said it has received shareholders'approval to raise up to Rs 2,000 crore through the issue of securities to qualified institutional buyers.
In a filing to the Bombay Stock Exchange (BSE), the company said it has received approvals to raise up to Rs 2,000 crore in long-term funds through the issuance of securities.
The company will raise the amount"by way of Qualified Institutional Placement (QIP) to Qualified Institutional Buyers (QIB),"it added.
The board of the company had earlier sanctioned the implementation for more details....

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