Financial Times FT.com

Indian IPOs set for Dubai storm

By Joe Leahy in Mumbai

Published: December 1 2009 18:24 | Last updated: December 1 2009 18:24

India’s strong run of share offerings in 2009 is expected to weather the shock from the Dubai crisis, bankers and analysts say.

The country’s initial public offering deal pipeline includes a planned $796m listing by the Dubai-Indian property joint venture, Emaar MGF Land, but analysts believe that even this deal will escape the fallout from the crisis unfolding across the Arabian Sea from India.

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