Tag: Subsidiaries

US-based hedge fund QVT Financial opposes Hirco’s restructuring

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 […]

Dev Property Puts Forward The Disposal Of Interests In Two Development Projects

January 09,2008. Dev Property Development Plc (DPD.L) today declared that it intends to organize its entire interest in two development projects- The Jupiter Mills Project Elphinstone Mills Project Total Investment on these two projects is £114 million. The company has declared its strategy that it will seek shareholder approval for the disposal of its interests […]