India's Emaar MGF redeems Rs. 206.65 billion of its nonconvertibles

By Tali David

Minneapolis, Dec. 27 - Emaar MGF Land Ltd. informed the Bombay Stock Exchange that it has redeemed 2,500 of its secured redeemable nonconvertible debentures.

The debentures were redeemed at Rs. 82,661 each, for a total of Rs. 206,652,500.

Emaar MGF is a real estate developer based in New Delhi. It is a joint venture of Emaar Properties PJSC, a Dubai-based real estate company, and MGF Development Ltd., a New Delhi-based real estate and development company.

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