Emaar Properties, Dubai’s largest developer, has confirmed talks with companies in India, including Adani Group, for a possible stake sale in its Indian subsidiary. The valuation and other terms of a potential transaction are not finalised,

Emaar Properties, Dubai's largest listed real estate firm, is in talks with "a few groups" in India including Adani Group to sell a stake of its Indian business, it said on Thursday. The builder of the world's tallest building,

The statement followed media reports on Wednesday stating that Adani Realty, the real estate unit of Indian billionaire Gautam Adani's Adani Enterprise, was in advanced talks to acquire a majority stake in Emaar India.

The deal is expected to involve the acquisition of 70-100 percent ownership in Emaar India, primarily through Adani Realty, an unlisted entity under the Adani Group, states the report.

If the Emaar India deal goes through, it will be Adani's largest purchase in real estate, where it has made several acquisitions in the last few years

The statement followed media reports on Wednesday stating that Adani Realty was in advanced talks to acquire a majority stake in Emaar India

The Adani Group is reportedly in advanced discussions with Dubai-based Emaar Properties to acquire a majority stake in its Indian subsidiary, Emaar India, for an estimated Rs 4,000-5,000 crore.