Shareholding26 May 2026, 05:42 pm
Parsvnath: IDBI Trusteeship Sells 1.59 Cr Shares
AI Summary
IDBI Trusteeship Services Ltd, acting as Share Pledge Trustee/Debenture Trustee, disclosed the sale of 32,27,730 shares of Parsvnath Developers Limited in the open market and the transfer of 1,27,12,835 shares in off-market to Lenders/Debenture Holders. This action follows previous disclosures regarding the invocation of pledge and sale of shares. The sale was executed due to defaults under the Debenture Trust Deed, with IDBI Trusteeship acting on the instructions of the debenture holders.
Key Highlights
- IDBI Trusteeship Services sold 32,27,730 Parsvnath shares in the open market.
- 1,27,12,835 Parsvnath shares transferred off-market to lenders/debenture holders.
- The sale was triggered by defaults under the Debenture Trust Deed.
- IDBI Trusteeship acted on instructions from debenture holders.
- The sale occurred between December 22, 2025, and May 26, 2026.
Price Impact
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