Parsvnath Retail Ltd, a subsidiary of Parsvnath Developers Ltd has appointed R J Kamath as an independent director on its board.
Kamath has been the chairman of the Andhra Bank and Canara Bank. he has also been associated with Parsvnath developers Ltd as an independent director.
Parsvnath retail Ltd — incorporated in November 2007 — is planning to execute shortly 21 commercial projects in an area of above 4 million square feet.
Parsvnath developers has recently entered into agreements to develop retail outlets on 13 stations owned by the Delhi Metro Rail Corporation (DMRC).
The company is currently developing 114 multiplexes across India and plans to set up 50 to 60 retail outlets in next 5 years.
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