Parsvnath Developers Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Parsvnath Developers Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : March 25, 2011
Name of the Company : Parsvnath Developers Ltd
Total no of outstanding shares of the Company : 43,51,81,170

Name of the Entity: Parasnath And Associates Pvt Ltd

Details of Transaction :
Date of Transaction : March 11, 2011
Number of Shares Revoked : 20,25,000

Aggregate details after the transaction
Total no of shares held by the entity in the company : 4,41,07,200
Total No of shares pledged : 3,74,77,590
% of total shares pledged to total no of shares held by the entity in the Company : 84.97%
% of shares pledged to total no of outstanding shares of the Company : 8.61%

Name of the Entity: Pradeep Kumar Jain

Details of Transaction :
Date of Transaction : March 14, 2011
Number of Shares Revoked : 2,80,000

Aggregate details after the transaction
Total no of shares held by the entity in the company : 9,14,68,656
Total No of shares pledged : 8,33,36,212
% of total shares pledged to total no of shares held by the entity in the Company : 91.11%
% of shares pledged to total no of outstanding shares of the Company : 19.15%Read More