BWI: Hiranandani Palace Gardens Private Ltd (“HPGPL” or the “Project Company”): Proceedings Issued in Relation to Alleged Libelous Publications

Press release from Business Wire India
Source: Business Wire
Tuesday, April 28, 2009 10:18 AM IST (04:48 AM GMT)
Editors: General: Consumer interest, Law & justice; Business: Advertising, PR & marketing, Business services, Construction, Publishing & printing, Real estate
Release no: 19802
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(BW)(HIRANANDANI-PALACE)(HRCO)Hiranandani Palace Gardens Private Ltd ("HPGPL" or the "Project Company"): Proceedings Issued in Relation to Alleged Libelous Publications


Chennai, Tamil Nadu, India, Tuesday, April 28, 2009 -- (Business Wire India) --

Hiranandani Palace Gardens Private Ltd (HPGPL) announced that it has issued proceedings against Laxey Partners Ltd and two of its Directors in relation to alleged libelous statements contained in three recent publications. In its claim HPGPL is seeking damages and an injunction to restrain the defendants from further publishing the alleged defamatory words.

HPGPL is the Project Company incorporated in India which owns the Hiranandani Palace Gardens mixed-use township project in Chennai, one of the projects in which Hirco PLC (AIM: HRCO) has invested.

About HPGPL

HPGPL is currently engaged in developing a large mixed-use township in the suburbs of Chennai, India's 4^th largest metropolis.

About Hirco PLC

Hirco PLC is an investment vehicle that invests in India with Hiranandani, India's largest developer of prestigious mixed-use townships for the country's increasingly affluent middle class. Its modern, large-scale developments - combining high-quality residential, commercial and retail components with green space and social and recreational facilities - are strategically located in suburban areas outside major city centres.

Hirco shares are traded on London Stock Exchange's AIM market under the symbol HRCO. At the time of its admission to trading on AIM in December 2006, Hirco was the largest-ever real estate investment company IPO on the AIM and that year's largest IPO on AIM.

For additional information about Hirco, please visit www.hirco.com.

CONTACT DETAILS
CONTACTS :

Hirco
Jasper Reiser, +91 22 2571 9013
jreiser@hirco.com
or
Financial Dynamics
Stephanie Highett
Richard Sunderland
Jamie Robertson
+44 (0) 20 7831 3113
hirco@fd.com
or
Gutenberg Communications
US
Hugh Burnham, +1 212 239 8595
hugh@gutenbergpr.com
or Michael Gallo, +1 212 239 8594
mgallo@gutenbergpr.com
or
India
Pranav Kumar, +91 98 1007 7898
pranav@gutenbergpr.com

KEYWORDS
CONSUMER, LAW, MARKETING, BUSINESS SERVICES, CONSTRUCTION, PUBLISHING, REAL ESTATE

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