A scheme of demerger has been filed by the realty firm Emaar MGF Land in the Delhi High Court following the two joint venture partners (Dubai based Emaar Properties and India’s MGF Development) decision to part ways.

Emaar MGF Land Ltd has said in a BSE filing that the demerger scheme was filed with the Delhi High Court on May 16.

According to the filing “The scheme provides for the demerger of an undertaking, being part of the construction and development business of Emaar MGF Land Ltd (demerged company) to MGF Developments Ltd (resulting company).”

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