Adani Nears Acquisition of Emaar's India Unit

Deal News | Mar 20, 2025 | Zawya

Indian billionaire Gautam Adani is in advanced talks to acquire the Indian unit of Dubai-based Emaar Group for approximately $1.4 billion. Discussions are underway regarding the structure of the deal which may involve an unlisted unit of Adani investing around $400 million in equity. The two parties could finalize the agreement by April, although negotiations are still ongoing. Emaar had previously disclosed that it was in talks with several Indian entities, including Adani, for a potential stake sale in Emaar India. The Adani Realty arm has a considerable footprint in real estate development with an extensive portfolio in progress.

Sectors

Real Estate
Private Equity

Geography

India – The potential acquisition targets the Indian unit of Emaar Group, and discussions involve significant Indian market participants.
United Arab Emirates – Emaar Group is based in Dubai, UAE, indicating the cross-border nature of the transaction and the involvement of players from the Middle East.

Industry

Real Estate – The article involves a potential acquisition within the real estate sector, highlighting the activities of prominent real estate developers like Emaar Group and Adani Realty.
Private Equity – The potential transaction involves investment from an unlisted unit of Adani, which is a typical strategy in private equity and corporate finance.

Financials

$1.4 billion – The potential acquisition value for Emaar's Indian unit by Adani.
$400 million – Equity investment by an unlisted Adani unit as part of the deal structure.

Participants

Name	Role	Type	Description
Gautam Adani	Buyer	People	Indian billionaire and head of the Adani Group, interested in acquiring Emaar's Indian unit.
Emaar Group	Target Company	Company	Dubai-based real estate developer looking to sell its Indian unit.
Adani Realty	Buyer	Company	The real estate arm of the Adani Group involved in the acquisition talks.