Emaar Mulls IPO for India; Closes Algeria Office

DUBAI - Emaar Properties said that it is studying various fund raising options including an IPO for its Indian subsidiary, Emaar MGF. In a statement e-mailed to Khaleej Times on Sunday, Emaar said that India remains one of its key growth markets and “based on regulatory approvals and depending on market opportunities, the company continues to evaluate various fund raising options including an initial public offering.” On Friday, an Indian TV channel reported that Emaar MGF — a joint venture between Emaar and Delhi-based MGF Developments — is in preliminary talks with an investment bank to raise Rs40 billion (Dh3... [read full story]                    

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