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FINANCIAL NEWS
Emaar MGF to launch $358m IPO
02 Oct 2010
(MENAFN) The Indian joint venture of Dubai’s Emaar Properties plans to launch an IPO by December to raise up to $358 million, less than half the size announced earlier, Reuters reported.
Emaar MGF, the builder of New Delhi’s Commonwealth Games village that has come under criticism for shoddy construction, said in a statement it had filed papers with the capital markets regulator for the IPO.
The issue size has been lowered keeping in view the existing fund requirements, a company spokeswoman said in the statement, but gave no details of the size or when the sale would happen.
The company had said in April it would launch a $770 million IPO in 90 days.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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