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MoneyWorks4Me

IDBI Trusteeship Services offloads 2.30% stake in Parsvnath Developers

26 Jun 2012 Evaluate

IDBI Trusteeship Services has offloaded 2.30% stake in realty firm Parsvnath Developers bringing its holding to 13.36% in the company from earlier holding of 15.66%. IDBI Trusteeship Services has offloaded one crore shares of the realty firm in the open market.

Post this transaction, IDBI Trusteeship Services holds 5.81 crore shares as against 6.81 crore shares earlier.

Parsvnath Developers is one of India’s leading real estate developers. The company has emerged as one of the most progressive and multi-faceted real estate and construction entities in the country.

Peers
Company Name CMP
Lodha Developers 1188.00
Prestige EstatesProj 1628.00
Dilip Buildcon 400.75
DLF 750.80
Oberoi Realty 1717.35
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