Shravan Gupta, the managing director of Emaar’s Indian joint venture Emaar MGF, hopes his luck is finally changing and he can get the company’s investment plans back on track.
Last month, when he began a tour of fund managers and investors in Singapore, London and New York, pitching his plan to raise around US$860 million on the Indian stock exchange in May, Dubai World announced it was seeking to delay debt repayments.
The news caused concern among potential investors but Mr Gupta pressed on. After all, two years earlier, when the company last tried to tap new investment, his timing was similarly off.
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