Tag: Shareholding

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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Investor angst takes its toll on Satyam

December 17, 2008 – 2:55 am

Investor angst takes its toll on Satyam; shares down 30% shares of Satyam Computer were at the receiving end of investors’ angst over a planned deal to enter the real estate business. Satyam opened down 16.1% and extended losses to 30% as investors reacted negatively to a plan to pay $1.6 billion for control of […]

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FIIs Reduced Investment In Real Estate

September 6, 2008 – 6:24 am

BSE reports shows that Foreign institutional investors (FIIs) have reduced their investment in real estate companies, mainly Parsvnath Developers and Unitech by 0.8 and 2 % correspondingly, year-on-year. According to shareholding data available on BSE, the domestic financial institutions and banks have amplified their inevstment in Unitech Ltd by more than 1.5%, while Foreign institutional […]

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