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Parsvnath posts Rs 26 cr loss in June quarter

Press Trust of India  |  New Delhi 

Realty firm Ltd today reported Rs 26 crore loss for the quarter ended June and the board approved raising up to Rs 1,000 crore through debentures.

Its net profit stood at Rs 5 crore in the year-ago period, the company said in a statement.

The company's fell to Rs 53 crore in the first quarter of this fiscal from Rs 95 crore in the corresponding period of the previous year.

Parsvnath is among the companies facing probe by into suspected shell companies.

Yesterday, the Securities Appellate Tribunal (SAT) lifted the Sebi's restrictions on trading in of and asked the regulator to hear them while probing their business operations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 12 2017. 21:13 IST