Tag Archives: Equity Stake

Hiranandani group to resume Hirco

January 2, 2009 – 12:36 am

Leading shareholders of Hirco, the AIM-listed real estate fund of the Hiranandani group, are likely to support the group’s move to restructure Hirco, by merging two real estate subsidiaries with it.
According to a person close to the Hiranandani group, “The proposal to restructure has originated from shareholders. About 90% of them are supporting the proposal,” [...]

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PEs, FIIs Ready To Buy Equity Stake

July 21, 2008 – 5:09 am

Real estate funds, PE players and foreign institutional investors are exploring options to buy equity stakes in listed realty companies, as valuations of these companies have fallen by over 65% during the past three months.
The move has also come as a blessing in disguise for these realty companies who have been finding it difficult to [...]

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DLF To Spend Rs 500 Crore

July 3, 2008 – 7:03 am

After losing more than 71% of its market cap in the past six months, the country’s largest real estate developer DLF has announced a share buyback.
The company is likely to spend around Rs 500 crore on the buyback programme, which will result in around 1 crore shares (equivalent to 0.6% equity stake) getting extinguished.
The quantum [...]

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Mahindra, Billimoria To Develop MIHAN

May 6, 2008 – 7:25 am

Mahindra Lifespaces and B E Billimoria have won a bid to develop a 25 acre residential project at Multi-modal Internal Hub Airport (MIHAN) at Nagpur. The consortium will form a special purpose vehicle to implement the project with Mahindra Lifespaces holding 70% stake and 30% equity stake held by B E Billimoria.

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