Emar : Reason For Last Minute Emar IPO Withdrawl

1. Market has been adversely affected due to last minute withdrawal of the Emaar MGF IPO has added to the woes of the stock market.

2. The reason being sited for withdrawl by Shravan Gupta, vice chairman of Emaar MGF in Delhi was that appreciation post listing was a challenge for the company and the decision was to benefit shareholders.

3. Emaar IPO may be listed after 3-6 months once the market gets some sort of stability.