Dubai’s Emaar Properties says to reorganise India unit through demerger

April 13, 2016 3:39 pm

Dubai’s Emaar Properties plans to reorganise its Indian business through a demerger, the emirate’s biggest property developer said in a bourse statement on Wednesday.

Emaar will demerge from its India-based joint venture Emaar MGF Land Limited, which will “enable Emaar to implement focused strategy for its real estate business in India and will allow the business to undertake future expansion strategies,” the developer said.


By Reuters
A division of Thomson Reuters, Reuters is an international news agency headquartered in London, England, and provides up-to-the-minute news and views on global and regional events.