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Embassy said to plan $500 mln real estate IPO

Posted on 15 June 2010

From Bloomberg: Embassy Group, an Indian property developer, plans to raise about $500 million in an initial public offering, said two people with knowledge of the matter.
Embassy, based in Bangalore, may seek approval from the capital-markets regulator within two weeks to sell the shares, the people said, declining to be identified before an official announcement. The company picked Citigroup Inc., Nomura Holdings Inc. and UBS AG to manage the IPO, they said…………………………………………..Full Article: Source

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