Foreign institutional investors (FIIs) have trimmed their stake in Parsvnath Developers by 14 basis points to 8.72 percent at the end of September 2015 quarter from 8.86 percent as on June 30, 2015. Moreover, the domestic institutional investors (DIIs) have reduced their stake in the company by 1 basis point to 0.11 percent at the end of September 2015 quarter from 0.12 percent as on June 30, 2015.
Non Institutions were holding 17.85 percent stake at the end of September 2015 quarter, up 15 basis points from 17.7 percent as on Jun 30, 2015, while the corporate bodies’ shareholding was unchanged at 9.26 percent at the end of September 2015. Further, the promoters’ shareholding was unchanged at 73.32 percent at the end of September 2015.
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.
