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,

Emaar Properties, Dubai's largest Real estate developer, is in discussions with several Indian entities, notably the Adani Group, to divest a portion of its Indian operations. The company has not disclosed specific details regarding the valuation or terms of the potential transaction.

Dubai's Emaar confirms it's in talks with Adani Group to sell a stake in its Indian subsidiary. The deal, valued at Rs 40-50 billion, is still being finalised

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 Dubai real estate company said in a disclosure to DFM that the valuations and other terms have not been finalised

Emaar – best known for building the world’s tallest tower — said the valuation and other terms of a potential transaction are not finalised.

Emaar entered the Indian real estate sector in 2005 and has since built a diverse portfolio of residential and commercial properties across key cities. Emaar confirms talks with Adani Group for stake sale in Indian operations.

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

This potential deal could mark Adani Group's largest investment in the real estate sector to date. Emaar entered the Indian real estate market in 2005

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.