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The Dubai-listed Emaar Properties has confirmed it is no longer considering a stake sale Emaar India but is exploring a joint venture with several “large real companies”, including the Adani Group.
In January, Emaar confirmed it was in talks with several companies in India, including the Adani Group for a potential stake sale in Emaar India.
The statement came after Indian media reported that Adani Realty, owned by Indian billionaire Gautam Adani, was in talks to buy a stake in Emaar’s Indian subsidiary.
(Writing by Bindu Rai, editing by Seban Scaria)
