Announced Wed, 17 Jun · 14:39 IST
Resolution Professional appointed at Parsvnath Developers
PARSVNATH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹3.20
prior close
₹3.14
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.8-5.6-7.5-9.1-10.6-13.8-25.6-33.1——
Up moveDown movePending
AI summary
Parsvnath Developers informed exchanges that the Committee of Creditors appointed Mr. Manoj Kumar Anand as Resolution Professional after e-voting concluded on June 16, 2026. The decision was taken at the first CoC meeting on June 10, 2026. This signals that insolvency proceedings under IBC are formally underway for the realty company.
Likely market impact
Insolvency process formally underway. Shareholders likely to face significant dilution or loss as creditors take control of the company.