GEO Monitor Newsflash: Emaar MGF Land Limited
Emaar MGF Land Limited shelves IPO plans
India based real estate developer Emaar MGF has shelved its IPO plans. The company is now planning private placements to raise money. The company cancelled its IPO due to poor market conditions.
The company was planning to raise INR64,619 mn (USD1,639 mn) from its IPO. The shares were expected to start trading on the Bombay Stock Exchange and National Stock Exchange of India.
This report is provided as part of IIR Group Ltd.’s GEO (Global Equity Offerings) Monitor service, which tracks global IPO activity. Our GEO Monitor is the only comprehensive research coverage of global IPO’s outside the US available to the market and provides you with three key deliverables:
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