Emaar to conduct valuation of its Indian assets
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Emaar to conduct valuation of its Indian assets

Emaar to conduct valuation of its Indian assets

Dubai-based developer Emaar Properties has asked consultants and investment bankers to value its Indian joint venture Emaar MGF Land's assets, the Wall Street Journal has reported, citing two people familiar with the matter. The move may be in preparation for its exit, the people said. However, the developer and its local partner said such valuation exercises were routine, and it was not a move to break up the assets. "Emaar MGF, on a regular basis, values its assets for banking or allied purposes," Emaar said.

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