Emaar MGF postponed IPO

Emaar MGF Land, an Indian joint venture of Dubai's Emaar Properties, has postponed its $1.64 Billion on-going initial public offering, the company said on Friday. Wockhardt Hospital has withdrawn its IPO yesterday due its poor response as it was highly priced compared to its peers, now the Emaar MGF. The company will consider other funding options like private placement, PE at SPV level

Citigroup Inc., Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Merrill Lynch & Co., Enam Financial Consultants Ltd. and Kotak Mahindra Capital Co. advised Emaar on the share sale.

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