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    Parsvnath Developers plans fund raising to reduce debt

    Parsvnath Developers announced it first quarter results for FY12. The company reported a consolidated net profit of Rs 25.8 crore in the quarter ended June 2011. The company has been planning for Rs 2000 crore QIP. Chairman Pradeep Jain said that they would use this fund to reduce their debt on the balance sheet.

    first published: Aug 16, 2011 12:28 pm

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