The company that made Burj Khalifa … Adani is buying its Indian business! Deal possible in 12000 crores – Adani Group Buying Emaar Group Indian Business Deal May Over 12000 Crore Rupees Tutd

Adani Group is going to buy the Indian unit of Dubai’s real estate company Emmar Group. This deal can be $ 1.4 billion i.e. about Rs 12084 crore. If this deal is done, then the acquisition will be completed under Adani Group’s real estate company Adani Realty Business.

It is also being said that Adani Realty will also invest $ 400 million (about Rs 3453 crore) in this business. There is a discussion about this deal between Adani Group and Emaar Group. Bloomberg has said that the deal may be final in next month.

Conversations going on from January
There is a discussion between Emmar Group and Adani Group about this deal since January. Emmar Group does business under the name of Emar India in India, whose business is spread in Delhi, Punjab, Uttar Pradesh, Madhya Pradesh and Rajasthan. This company is currently working on commercial projects here.

The company has built these buildings including Burj Khalifa
The business of this company, which started in 1997, is spread over 10 countries. It has built big buildings in many countries. This company has built Burj Khalifa, the world’s tallest building in Dubai. The biggest shopping mall Dubai Mall has also been built by this company.

Apart from this, Dubai Marina has set up houses and shops, downtown Dubai foundation area, Palm Drive Emerald Hills in India, New Project in Cric Harbor, Turism Resort in Mith, King Abdullah City and Dubai Hills.

Adani Group’s real estate will be strong
With this deal of Emmar Group, the situation in the realty sector of Gautam Adani’s company will become stronger. Adani Group has a 24 million scavenger feet property in real estate business. The company is working as a conversion on 61 millions of scavenger feet and area.

Great boom in Adani’s shares
The shares of Adani Group are seeing a good jump today. Adani Green Energy shares are more than 4 per cent. Adani Wilmer’s stock is more than 3 percent. The shares of Adani Port, Adani Total Gas Limited, Adani Power, Adani Enterprises, Adani Energy have jumped 3 %.

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