January 6, 2009 – 3:04 am
US-based hedge fund QVT Financial LP has strongly opposed Hirco Plc’s proposal to merge two Indian subsidiaries of the Hiranandani group with itself. QVT holds a minority stake in Hirco, a real estate fund floated by the Mumbai-based developer Hiranandani group in the Alternative Investment Market (AIM) of London. Hirco has called an extra-ordinary general […]
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Posted in Real Estate News
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Also tagged Developer, Egm, Favourable, Financial Windfall, General Meeting, Hedge Fund, Hirco, London, Market Aim, Merger, Minority Stake, Plc, Proposal, Qvt Financial Lp, Real Estate Fund, Resolutions, Shareholders, Subsidiaries
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August 22, 2008 – 6:15 am
In the wake of a global slowdown in the initial public offerings (IPO) market, Indian companies are losing appetite for listing on the Alternative Investment Market (AIM). Once touted to be a favoured destination for small- and mid-size companies, London’s AIM has managed to get only four companies to list on it so far this […]
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Posted in Real Estate News
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Also tagged Film Company, Global Crash, Global Markets, Global Slowdown, Hedge Funds, Indian Film, Initial Public Offerings, Investment Holdings, Ipo Market, London Market, Market Aim, Minimum Market Capitalization, Retail Investors, Sesdaq, Share Index, Tax Havens
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A slump in the Indian real estate market has cast a shadow on the property funds listed on London’s Alternative Investment Market (AIM). All the five India-focused property funds floated by local developers have been under-performing in the past two months. On an average, they registered an 18% negative return over the last two months. […]
