Mumbai January 4, 2008: Parsvnath Developers was up 4 per cent at Rs 494.80 after the company said its subsidiary, Parsvnath SEZ, will develop a pharmaceutical special economic zone (SEZ) at Nanded in Maharashtra. The stock closed the day at Rs 484.75, up 2 per cent.
Parsvanath Developers has received a letter of intent from the Maharashtra Industrial Development Corporation (MIDC) for the development of pharma SEZ project in Krushnoor industrial area of Nanded. Parsvnath SEZ will float a special purpose company with MIDC to implement the project.
Source: Business Standard
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