Emaar MGF Land to raise up to $1.5 bln in India IPO
HONG KONG, Jan 8 (Reuters) - The India arm of Dubai's Emaar Properties EMAR.DU plans to raise between US$1.2 billion and US$1.5 billion in an Indian IPO, according to a term sheet obtained by Reuters.
Emaar MGF Land Ltd plans to launch its deal roadshow on Jan. 18, with a listing tentatively scheduled for Feb. 27, a source familiar with the deal said.
The company is selling 11.9 percent of its enlarged share capital in an offering sponsored by Citigroup (C.N: Quote, Profile, Research), Enam Securities, Goldman Sachs (GS.N: Quote, Profile, Research), HSBC (HSBA.L: Quote, Profile, Research), JPMorgan (JPM.N: Quote, Profile, Research), Kotak Mahindra Capital and Merrill Lynch MER.N.
(Reporting by Tony Munroe, editing by Ken Wills)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
