Hirco Ord

Hirco will target FDI compliant real estate development projects. These will be sourced by Niranjan Hiranandani, Kamal Hiranandani, both on the board, and entities controlled by them. These investments will be developments of large-scale, mixed-use township communities and located special economic zones in India. The Company is Hiranandanis exclusive investment vehicle for developing FDI compliant projects in India. This applies until such time as the Company is 90% invested. Following this Hiranandani intends that future FDI compliant projects in India will also be offered to Hirco. However, Hiranandani has not entered into any binding obligation to do this.

Key stats

Management firm  Hirco PLC
Domicile  Isle of Man
Fund Administrator  IOMA Fund and Investment Management Ltd
Global Branding Name  Hirco
Fund Status  OBSOLETE
Fund currency  GBP
Launch Date  2006-12-08
Obsolete Date  2014-02-21
ISIN  IM00B1HYQS19
SEDOL  B1LJ6Y8
Manager 1 Name  Managed Director
Fund Strategy  Property - Direct Other
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-01-31
Return - 1 Month  0.00%
Return - 2 Months  0.00 %
Return - 3 Months  0.00%
Return - 6 Months  0.00 %
Return - 9 months  0.00 %
Return - 12 Months  -1.02%
Annualized return 24 months  -11.68 %
Annualized return 36 months  -33.76 %
Annualized return 48 months  -27.06 %
Annualized return 60 months  -22.82 %
Annualized return since Inception  -11.70%
Return YTD  0.00%

Charges

Maximum Managment Charge  6.00 %

Contact

Contact Address  66/67 Athol Street
Contact city  Douglas
Contact country  Isle of Man
Fund Admin Group  Hirco PLC
Web Address  www.hircoplc.com
Email contact  info@hircoplc.com
Phone  +44 (1624) 646 846

Price

Last Price Date  2014-02-20
Pre-tax nav  0.20

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