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Adani Eyes Big Stake in Burj Khalifa Owner Emaar’s India Business
The Adani Group is in advanced discussions with Dubai-based real estate developer Emaar Group to acquire a majority stake of 70-100% in its Indian arm for ₹4,000-5,000 crore. According to insiders quoted by a Mint’s latest report, the deal, likely to be executed through Adani Realty, will focus on Emaar India’s premium projects, including residential and commercial properties in Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur. As per the report, negotiations on final terms and valuation, estimated to be around ₹5,000 crore, are ongoing. Watch!
The Adani Group is in advanced discussions with Dubai-based real estate developer Emaar Group to acquire a majority stake of 70-100% in its Indian arm for ₹4,000-5,000 crore. According to insiders quoted by a Mint’s latest report, the deal, likely to be executed through Adani Realty, will focus on Emaar India’s premium projects, including residential and commercial properties in Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur. As per the report, negotiations on final terms and valuation, estimated to be around ₹5,000 crore, are ongoing. Watch!
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