MoneyWorks4Me

PRL ceases to be wholly-owned subsidiary of Parsvnath Developers

10 Sep 2013 Evaluate

Parsvnath Developers has disinvested equity shares of its wholly-owned subsidiary - Parsvnath Retail (PRL). Pursuant to this divestment, PRL has ceased to be a subsidiary of the company. Accordingly, the total number of subsidiaries of the company stand reduced from 16 to 15.

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 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
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