EMAAR MGF’S GULF PARENT RESCUES AFTER A FAILED IPO

In what would be the first major fund infusion into the Emaar MGF Group after a failed IPO, one of its promoters, Dubai-based Emaar is learnt to be investing $150 million (Rs 650 crore) to pick 20-25 %stake each in three real estate projects of Emaar MGF.

                                                                                                                  Courtesy: - ET Realty  dt. 25 July 2008