Tag: Extraordinary General Meeting

Hiranandani group to resume Hirco

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 […]

Unitech to raise up to Rs 5000 crore via issue of securities

Real estate company Unitech Ltd said on Monday that it plans to raise up to Rs 5,000 crore through issue of securities. The company said this is an “enabling resolution”, and follows the expiry of a similar resolution earlier. But it did not give out details of fund raising. Unitech Ltd shares ended nearly 3.4% […]