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IFCI moves Delhi HC against Emaar MGF for non-refund

Published on Wed, Jul 23 at 18:24 , Updated at Wed, Jul 23 at 18:28
Source : CNBC-TV18

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IFCI has moved to Delhi HC against Emaar MGF for non-refund of Pre-IPO placement of Rs 50 crore and filed winding up proceedings against it, reports CNBC-TV18.

Emaar MGF had withdrawn its IPO of more than Rs 6400 crore in February 2008.

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