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LONDON (Thomson Financial) – Hirco Plc. said Standard Life Investments Ltd. has bought about 9.94 million shares in the company and Laxey Partners Ltd. purchased about 4.65 million.

Standard Life raised its stake to about 10.04 million shares, or 13.1 percent, and Laxey Partners, which did not hold a stake before, holds 6.07 percent.

The purchase price for both deals was not disclosed.

Hirco is the the investment vehicle for India’s Hiranandani, which develops mixed-use property.

Source CNBC