EMAAR MGF

  • SEBI orders freezing of corporate benefits of over 105 private firms June 5, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) has ordered the freezing of the voting rights and corporate benefits of over 105 private firms. These private firms have failed to meet the minimum public shareholding requirement. The private firms, have faltered in attaining the minimum 25 per cent public...
  • Emaar MGF slapped with Rs 8,600 crore penalty notice June 4, 2013

    New Delhi: The Enforcement Directorate on Wednesday slapped a Rs 8,600 crore showcause notice on construction major Emaar MGF Land Ltd and its sister firms for alleged forex rules violation, the biggest such penal action in country's real estate sector. The agency, which began an investigation in 2010 with regard...
  • Chopper deal: Haschke did not attend any meet, says Emaar February 15, 2013

    Realty giant Emaar MGF has issued a clarification concerning Guido R Haschke, the alleged middleman in the tainted AgustaWestland chopper deal, saying he was associated with the company as an independent nonexecutive director for a very brief period. The company asserted that it did not have any other business or association...
  • AP: HC stays registration of Emaar villas April 25, 2012

    HYDERABAD: A division bench of the AP High Court comprising Chief Justice Madan B Lokur and Justice P V Sanjay Kumar on Tuesday granted stay on an order of the single judge who had stayed a GO of the state government issued to restrain the authorities from registering the plots/flats...
  • Buyers to get possession of CWG flats soon February 23, 2012

    New Delhi: Relief for CWG home buyers as Delhi High Court on Thursday has ordered Delhi Development Authority to issue completion certificate to owners of flats. The completion certificate will be given to 30 of the total 34 towers of CWG village. The two towers of DDA and EMAARMGF each...
  • EmaarMGF chargesheet spells trouble for Jagan? February 10, 2012

    New Delhi: The CBI chargesheet in the Emaar MGF scam in Andhra Pradesh could spell more trouble for Jagan Mohan Reddy. The chargesheet accessed by CNNIBN says EmaarMGF had misappropriated funds in excess of Rs 100 crore in the deal. A close aide of Jagan Reddy, Sunil Reddy, has already...
  • CWG: Home owners caught in DDA, Emaar tussle November 13, 2011

    New Delhi: One year after the Commonwealth Games those who booked flats in the Games Village are yet to get possession. Over 450 home buyers paid Rs two crores each, that's around Rs 1500 crore for flats in the games village. Rajiv and Upasana are among the 450 who booked a...
  • EmaarMGF boss can't leave Hyderabad: CBI November 10, 2011

    HYDERABAD: Evading queries by investigating agencies by giving some excuse or the other, especially when the person in question is under the scanner, can sometimes boomerang. And Shravan Gupta, managing director of EmaarMGF, who had a 'rendezvous' with the Central Bureau of Investigation (CBI) on Tuesday, seems to have learnt...
  • DDA seals 2 buildings of Emaar MGF at CWG village August 20, 2011

    New Delhi: Two days after the CBI filed FIR against the Emaar MGF properties in Delhi and Hyderabad, the Delhi Development Authority (DDA) has sealed two buildings at the Commonwealth Games village in the capital. The DDA said Emaar MGF broke building rules during constructions. The action comes after the CAG report...
  • Allegations begin after Shunglu Panel findings March 24, 2011

    A day after CNN IBN reported on the findings of the Shunglu Panel on scam in construction of games village, the round of denials and counter denials have begun. ...
  • Shunglu panel blames Emaar, LG for CWG mess March 24, 2011

    New Delhi: The VK Shunglu Panel in its second report on irregularities in Commonwealth games has severely indicted the Delhi Lt Governor Tejinder Khanna for neglect and the developer of the games village EMAAR MGF for its tardy approach. The panel has fixed the overall loss caused to the exchequer to...
  • Shunglu report indicts EMAAR MGF for CWG loss March 23, 2011

    New Delhi: The VK Shunglu Committee, enquiring into corruption in the Commonwealth Games, has submitted its second report to the Cabinet Secretary. The report dealt with corruption in building of the Commonwealth Games Village. According to the Shunglu panel report, the total loss to the exchequer because of corruption and delays...
  • After the Games, DDA and Emaar MGF lock horns October 21, 2010

    New Delhi: Urban Development Minister Jaipal Reddy defended the Delhi Development Authority's (DDA) Rs 760crore bailout of Emaar MGF while building the Games village. The minister said that the deal was profitable and necessary. The Commonwealth Games might have ended but the controversies certainly havent. Now its the Urban Development...
  • CWG probe: EmaarMGF letter hits back at DDA October 21, 2010

    New Delhi: It's all out war between the government and the builders given the contract to finish work on the Commonwealth Games Village. A day after the government decided to take legal action against EmaarMGF for failing to complete work on the Games Village on time, CNNIBN gets access to a...
  • Real estate wants infrastructure status February 11, 2010

    From a macroeconomic perspective, the budget needs to do a fine balancing act between growth and measures adopted to exit the fiscal stimuli. This would effectively decide the course of all policy and corporate decisions in the next fiscal. Significantly, according infrastructure status to the real estate industry is vital for...
  • 2010 Games builder 'linked' to Koda, raided December 3, 2009

    New Delhi: Enforcement Directorate on Thursday raided 10 offices of realty major Emaar MGF in New Delhi and Noida. Emaar MGF is the main company involved with the Commonwealth Games construction project. The raids have reportedly been conducted in connection with the multicrore illegal hawala and investment case involving former Jharkhand...
  • IPO party over: Wockhardt withdraws public offer February 8, 2008

    Mumbai: Volatile market claimed its first victim in the stock market on Thursday when Wockhardt Hospitals Ltd quietly withdrew its Initial Public Offering (IPO). The issue was subscribed by a mere 18 percent on the last day of its closing on Thursday. The company plans to refund the entire IPO money...
  • Emaar MGF extends IPO following poor response February 6, 2008

    New Delhi: Realty firm Emaar MGF has extended its IPO up till February 11 due to the poor subscription response. The IPO was all set to close on Wednesday but has been subscribed only 0.74 times so far, with 61.8 million bids. The NSE figures showed that the bids amounted to about...