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Friday, February 8, 2008

According to CNBC TV 18, Emaar MGF Land Ltd. has decided to withdraw its Initial Public Offer (IPO). The company will refund money to all applicants within 10-15 days.

The decision came even before the subscription figures came in. Bankers and Promoters of Emaar MGF Land IPO believed that market conditions were unsuitable for the IPO to go through.

Yersterday, Wockhardt had also withdrawn its IPO due its poor response

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