Emaar MGF IPO gets extension
February 6th, 2008
As expected by the market sources the IPO of the real estate firm Emaar MGF Land Ltd is extended to February 11, 2008.
The price range was initially put at Rs. 610-690 but was put down at Rs. 540-630. The lower band is further changed to Rs. 530 today. The recent jitters in the stocks markets due to the US recession has put hit the market the world over. With the BSE and NSE correcting a bit in recent days, Wednesday is believed to be the wrong day for the closing of the IPO.
The Real Estate Sectoral index on the BSE closed down by 2.40% losing 256.14 points.
Entry Filed under: Equities, Real Estate & Construction
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