05-February-2025
Corporate News
 
Adani Group in advanced talks to acquire majority stake in Emaar India for Rs 5,000 cr: Report
15-Jan-2025

Adani Group is reportedly in advanced negotiations with Dubai-based Emaar Properties to acquire a majority stake in its Indian arm, Emaar India, for an estimated Rs 4,000-5,000 crore. The deal is likely to involve the acquisition of 70-100 percent ownership in Emaar India, primarily through Adani Realty, an unlisted entity under the Adani Group. The exact valuation of the deal is still under negotiation, with sources indicating it could reach Rs 5,000 crore, depending on the final terms, according to a report by the Mint. This acquisition, if completed, will mark Adani Group’s largest purchase in the real estate sector, building on several past acquisitions, further noted the report.

News Source:- https://www.moneycontrol.com/news/business/adani-group-in-advanced-talks-to-acquire-majority-stake-in-emaar-india-for-rs-5-000-cr-report-12910992.html