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Parsvnath to get 1 bn rupees from global PE fund

Parsvnath Developers Ltd said on Tuesday it has signed an agreement with SUN-Apollo India Real Estate Fund LLC , for an investment in a residential project at Ghaziabad, Uttar Pradesh.

SUN-Apollo will invest upto 1 billion rupees for a 49.9 per cent stake in the project's special purpose vehicle, Parsvnath Buildwell Private Ltd , it said in a statement.

Source: Economic Times

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