Parsvnath Developers to mop up Rs 1,000 crore via NCD

08 Sep 2014 Evaluate

In a bid to reduce debt, realty firm Parsvnath Developers is planning to raise up to Rs 1,000 crore through private placement of non convertible debentures (NCDs) and is also looking at selling non-core assets.

Currently, the company has a debt of about Rs. 1,200 crore. In June, the company had announced plans to either sell the land parcels worth Rs 1,000 crore in South and West India or form joint ventures with local builders for development.

Parsvnath Developers has diversified portfolio, which includes, integrated townships, group housing, commercial complexes, hotels, IT parks, among others. The company has total developable area of over 195.82 million square feet across all real estate verticals.

Parsvnath Developers Share Price

22.94 -0.46 (-1.97%)
24-Dec-2024 16:59 View Price Chart
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