Dubai: Emaar Properties RISC the developer building the world’s tallest skyscraper in Dubai, plans an initial share offering in India in a few weeks, chairman Mohammed Alabbar said.
“India has done extremely well for us, and that’s why we are going public in India, probably in a few weeks,” he said in an interview at the World Economic Forum in Dubai. “The banking system is solid and India is still a conservative environment that suits us well.” New Delhi-based Emaar MGF Land Ltd plans to raise Rs3,850 crore in the offering.
Source: Mint
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