JK Files (India) Limited is in talks to take over Turkey’s Makina Takim Endüstrisi A.S. (IBSE:MAKTK), two people familiar with the situation told Reuters. Based on closing stock price, the stake in Makina Takim is worth roughly $39.8 million. It was unclear whether Mumbai-based JK Files would go ahead with the purchase, or at what price. A spokesman for JK Files said, “As per the company policy, we do not comment on market speculations and rumours.”