Tag: Shareholders

Bombay Dyeing to come up with residential and commercial buildings

August 14, 2010 – 9:11 am

Photo by nancyarora2020Mr. Nusli Wadia, chairman of Bombay Dyeing & Manufacturing Co., a textile major, expects to clear off its debt in the next few years through realty business. The current debt on the company is Rs. 1775 cr. At the company’s 130th annual general meeting, Mr. Wadia told the shareholders that debt has always […]

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Brigade Enterprises; touching sky

July 24, 2010 – 9:09 am

Brigade Enterprises, a Bangalore-based real estate company is planning to raise an additional fund of Rs. 750 cr. Foreign currency convertible bonds (FCCBs)American depository receipts (ADRs), global depository receipts (GDRs) or placement with qualified institutional investors will be the key instruments for raising the fund. After the meeting yesterday, the company said to the shareholders […]

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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 […]

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

December 23, 2008 – 5:03 am

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% […]

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