Isle of Man rejects Niranjan Hiranandani’s appealHirco Plc, a property investment fund, is now looking to publicly try its claims of financial fraud, and recover damages in excess of 300 m...
Taking the business out of family tiesWhen we first started in Bengaluru, a customer who saw the beautifully decorated deck of an apartment said it was the same size as her bath...
Hirco to write off Rs 3,489 crore Panvel, Chennai investmentsThe company has alleged these assets are being auctioned and picked up by Niranjan Hiranandani “for a lot less than their last appraised va...
- Hirco to write off 350 million pound Panvel, Chennai township investment
At the time of listing in 2006, Hirco, the investment vehicle for Hiranandani’s two township projects had raised 350 million pounds.
Hiranandani emerges as highest bidder for Hirco Plc’s township in ChennaiHiranandani Group has emerged as the highest bidder for Hirco Plc’s township in Chennai which was auctioned by the lender Housing Developme...
Twelve stocks in focus in Thursday morning tradeIndian markets are likely to trade in a range. Here is a list of twelve stocks which are likely to be in focus in trade today.
HDFC puts Hirco's Chennai township on block to recover duesCountry’s largest mortgage lender, HDFC has put Hirco Plc’s township at Chennai on block to recover its dues of 539.86 crore.
Investors of Hirco Plc raise questions against erstwhile bossesAs part of the agreement, Hirco Plc’s investors that are holding preference shares were expected to receive 12% annual interest on their in...
Bombay HC finds Hirco arm prima facie loan defaulterHiranandani Palace Gardens has accepted to file an undertaking in the court that the developer will not create any third-party rights in re...
Tata Capital drags Hiranandani arm to court over Rs 76-cr loan defaultTata Capital has filed a winding-up petition in the HC against one of the biggest names in the real estate industry, Hiranandani Palace Gar...
- Directors of Hirco suing board of Hirco Plc: Sources
The dispute arises from the family’s offer to buy Hirco Plc at 55 p a share.
- Realty firm Hiranandani offers to buy out UK arm Hirco
Realty firm Hiranandani has offered to buy out its London AIM-listed investment arm Hirco Plc.
Niranjan Hiranandani denies splitting existing realty businessA feud may be brewing between the son and daughter of Niranjan Hiranandani is raising doubts if the business is headed for a split.
- US-based hedge fund QVT Financial opposes Hirco's restructuring
Hirco has called an extra-ordinary general meeting on January 16 in Mumbai to seek the shareholders nod for the proposed merger.
- Hirco invests GBP 96.6 mn for developing in Mumbai
Hirco PLC the investment vehicle for Hiranandani, India's largest developer of prestigious mixed-use townships, on Thursday announced that ...
- Real estate cos raise more money overseas
However, not everything is gung-ho - most of the India-based companies listed on the AIM are trading below their issue prices.