Emaar in Talks with Indian Groups for Stake Sale
Deal News | Jan 16, 2025 | Zawya
Dubai's Emaar Properties is currently in negotiations with various Indian organizations, including the prominent Adani Group, to potentially divest a stake in its Indian operations. Originating its Indian market presence in 2005, Emaar has developed a significant portfolio of residential and commercial properties across key Indian cities such as Gurugram, Mohali, Lucknow, Jaipur, and Indore. Media speculations earlier reported a possible advancement in talks with Adani Realty for a substantial acquisition in Emaar's Indian arm. However, Emaar has stated that there is yet no conclusive valuation or set terms for the takeover deal. Globally recognized for constructing the Burj Khalifa and other significant landmarks in Dubai, Emaar also maintains a presence in markets such as Saudi Arabia, Turkey, and the US.
Sectors
- Real Estate
- Investment & Finance
Geography
- United Arab Emirates – Emaar Properties is based in Dubai, UAE, and is a key player in the country's real estate market.
- India – The article's focus is on Emaar's business operations and potential divestment in India, involving Indian companies like the Adani Group.
Industry
- Real Estate – The article primarily focuses on Emaar Properties, a major player in the global real estate industry, known for iconic developments like the Burj Khalifa in Dubai and extensive residential and commercial portfolios.
- Investment & Finance – The discussion about Emaar's potential sale of its stake in India reflects strategies typical of investment and finance sectors, focusing on equity sales and the involvement of major investors like Adani Group in potential acquisitions.
Financials
- $1 = 3.6726 UAE dirham – Exchange rate mentioned in the context of the deal; relevant for financial valuations and transactions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Emaar Properties | Selling Company | Company | A major real estate developer based in Dubai, known for iconic constructions like the Burj Khalifa, with operations in India and other countries. |
| Adani Group | Potential Bidding Company | Company | A highly diversified company in India, with Adani Realty focusing on real estate development, part of the larger Adani Enterprises. |
| Adani Realty | Potential Bidding Company | Company | The real estate arm of Adani Group, involved in the reported talks to acquire a stake in Emaar India. |