Corporate News     23-Oct-12
Parsvnath Developers to transfer the entire business of Parsavnath Developers (AOP) as a going concern
To Gazala Promoters and Developers
The entire business of Parsvnath Developers (AOP), an association of persons between Parsvnath Developers and HB Estate Developers for undertaking the business of real estate development, is being transferred as a going concern to Gazala Promoters and Developers and the AOP is being wound up.

Further, the company and its nominees have acquired 51% equity shares in Gazala Promoters and Developers and the remaining 49% has been acquired by HB Estate Developers and its nominees.

Consequent upon this, Gazala Promoters and Developers has become a subsidiary of the company.

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