Wachovia to pick up stake in Hiranandani’s realty arm
Source:http://economictimes.indiatimes.com
NEW DELHI: US bank Wachovia could pick up a significant equity stake in Hiranandani Realtors, part of Mumbai-based property developer Hiranandani Group. In the past one year, Wachovia has invested Rs 304 crore into the Indian firm through financial instruments that will be converted into equity.
A source involved in the transaction said Wachovia [...]
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