Before the globally-popular real estate mutual funds (REMF) take off here, RBI has raised a red flag. It has argued that the funds would lead to circumvention of foreign direct investment (FDI) in real estate that places limitations on foreign investors.
Tag: Sebi Guidelines
Emaar Purchases 1.36Percent Additional In Indian JV For Rupees 922 crore
February 1, 2008 – 11:42 pm
MUMBAI: The Dubai based Emaar group has purchased another 1.36% in its Indian joint venture Emaar MGF Land for Rs 922 crore, ahead of the initial public offer, which is considered to open on February 1. Emaar group has been assigned 13.37 million shares in the company, sources close to the arrangement said. The additional […]
