New Issue: India’s Parsvnath issues Rs. 3.55 billion of 13% debentures

By Tali Rackner

Norfolk, Va., March 31 – Parsvnath Developers Ltd. informed the Bombay Stock Exchange that it has issued an allotted 7,100 shares of 13% unlisted secured redeemable nonconvertible debentures with the face value of Rs. 500,000 each, for a total amount of Rs. 3.55 billion.

The debentures were issued on a private placement basis on Monday.

Parsvnath Developers is a New Delhi-based real estate development company.

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