Emaar MGF Land to cut IPO offering
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Emaar MGF Land to cut IPO offering

Emaar MGF Land to cut IPO offering

Emaar MGF Land, the Indian unit of Dubai's Emaar Properties, plans to cut a proposed initial public offering to a maximum 20 billion rupees ($433m), Bloomberg has reported. The company will seek approval this month from India's capital markets regulator to sell shares this year, the sources said, declining to be named before a public announcement. The offer may raise as little as 15 billion rupees, they said.

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