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India's DLF in talks with Escorts for land - paper

Wed Nov 28, 2007 11:02pm EST

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MUMBAI, Nov 29 (Reuters) - DLF Ltd (DLF.BO), India's largest listed real estate firm, is in talks to buy land from tractor maker Escorts Ltd (ESCO.BO) in a deal that could be valued at more than 15 billion rupees ($380 million), the Economic Times said, citing unnamed sources.

The land is spread over more than 200 acres (81 hectares) and is close to the capital Delhi, the paper said on Thursday.

A DLF spokesman said the company will not comment on market speculation. An Escorts spokeswoman gave a similar response to the paper. ($1 = 39.8 Indian rupees) (Reporting by Hiral Vora, Editing by John Mair)



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