Emaar MGF IPO coming soon

The India arm of Dubai's Emaar Properties plans to raise between $1.2 billion and $1.5 billion in an Indian IPO, according to a term sheet obtained by a news agency.

Emaar MGF Land Ltd plans to launch its deal roadshow on January 18, with a listing tentatively scheduled for February 27

The company is selling 11.9 per cent of its enlarged share capital in an offering sponsored by Citigroup, Enam Securities, Goldman Sachs, HSBC, JPMorgan, Kotak Mahindra Capital and Merrill Lynch.