Emaar MGF to launch IPO

Emaar MGF, one of the leading real estate developers in the country, said it was planning to launch its initial public offering (IPO) in the next 90 days. The company plans to raise Rs 3,500 crore through the IPO.

“The market is quite stable now and if this trend continues we will be launching our IPO in the next three months,” said Emaar MGF Executive Vice-Chairman and Managing Director Shravan Gupta.

The company received the approval of the Securities and Exchange Board of India (Sebi) for the IPO last month.

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