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India's DLF to buy out Dubai World's stake in JV
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Mon July 26, 2010 11:07 am
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INTERNATIONAL. Indian real estate firm DLF is buying out the stake held by Dubai World's property arm in an equal joint venture in India for about IRN2 billion US($43 million), the Economic Times reported on Monday.

A unit of DLF will buy the stake owned by Limitless Group, which is a part of Dubai World, in Bidadi Knowledge City in southern Karnataka state, the newspaper said, citing a person with direct knowledge of the transaction.

Officials at DLF and Dubai World could not immediately be reached by Reuters for comment.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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