Several developers declined to abide by the code of conduct laid down by CREDAI initially. Following this, the association has expelled several developers, while some have resigned discontinuing their involvement with the organisation.  Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the […]
Tag: Hirco
US-based hedge fund QVT Financial opposes Hirco’s restructuring
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 […]
