- Part payment towards acquisition of land and land development rights and related approvals for its ongoing and planned projects.
- Development and construction costs for the palm drive project in Gurgaon, Haryana.
- Repayment of loans.
- For general corporate purposes.
Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC of Dubai and MGF Development Limited of India. Emaar is one of the world's leading real estate companies - having developed approximately 45.0 million square feet of real estate across residential, commercial and other business segments and with operations in 16 countries. Emaar MGF Land Limited commenced its operations in India in February 2005. Its primary business is the development of properties in the residential, commercial, retail and hospitality sectors. Emaar MGF has also identified healthcare,education and infrastructure as business lines for future growth.
Emaar MGF has Land Reserves across India approximating 12,544 acres. Emaar MGF has entered into relationships with InterContinental Hotels group companies, Four Seasons Hotels Limited and Marriott Hotels India Private Limited.
Objects of the issue :
- Open - 04 Feb
- Close - 07 Feb
- Issue Type -100% Book Building Issue
- Issue Size - 117,389,914 Equity Shares Of Face Value Rs.10 Each
- Issue Price - Rs 725/- to Rs 850/- Per Equity Share
- Maximum Subscription Amount for Retail Investor: Rs 100,000/-
- Listing - BSE, NSE
- Global Coordinators & Lead Manager- Enam Securities Private Limited & DSP Merrill Lynch Limited
- Lead Manager- Citigroup, Goldman Sachs, HSBC Securities & J.P. Morgan India.
- Registrar - Karvy Computershare Private Limited
- Phone - 040 2342 0815-820
- Email - einward.ris@karvy.com
- Website - www.karvy.com
Regitered Office :
ECE House,
28, Kasturba Gandhi Marg,
New Delhi - 110 001, India
Phone: +91-11 4152 1155
Fax: +91-11 4152 4619
Email: IPO@emaarmgf.com
Website: http://www.emaarmgf.com
Source - Chittorgarh.com
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