Parsvnath taps capital market

Kolkata, Nov 1 (UNI) Leading real estate company Parsvnath Developers Limited(PDL) will enter the capital market with a pubic issue to raise funds for various ongoing projects across the country.

Announcing this here today, company Managing Director Sanjeev Jain said the company would float p0ublic issue of up to 33,238,000 equity shares of Rs. ten each for cash, at a price to be determined through a 100 per vcent book building process.

The price band for the issue, which would constitute 18.30 per cent of the fully diluted post issue paid-up capital of the company, has been fixed between Rs. 250 and Rs. 300.

The issue opens on November six and closes on November ten.

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