Adani Group preparing to buy stake of this company for Rs 5000 crore?
Adani Group may buy stake in Dubai-based company Emaar Properties. According to Moneycontrol, Adani Group is in talks to buy majority stake in Emaar India, a subsidiary of Emaar Properties based in India.
According to the report, these talks are in advanced stage. This deal can be worth around Rs 4,000-5,000 crore. According to the report, Adani Realty, which is an unlisted unit of Adani Group. If this deal happens, Adani Group will buy 70 to 100 percent stake in Emaar India.
The exact valuation of this deal is still in the negotiation stage. According to sources, this amount can reach up to Rs 5,000 crore, which will depend on the final terms. If this deal is completed, then it will be the biggest purchase of Adani Group in the real estate sector till date.
