Parsvnath Developers, pursuant to a Securities Purchase Agreement, acquired 1,60,101 Class A Shares, 5,61,951 Class B Shares and 75,78,264 Fully Convertible Debentures of Parsvnath Landmark Developers (PLDPL), a subsidiary company and SPV implementing the project for development of a residential project at Khyber Pass, Civil Lines, Delhi from Sterling Pathway, Mauritius. Pursuant to this, PLDPL has become a wholly owned subsidiary of Parsvnath Developers.
Parsvnath Developers has diversified portfolio, which includes, integrated townships, group housing, commercial complexes, hotels, IT parks, among others.
