The talks between Actis Capital, LLP and 7-Eleven, Inc., Infor (US), Inc. and Tesco PLC for the sale of 70% stake in The Nilgiri Dairy Farm Private Limited has failed over valuation issues and lack of clarity on whether Karnataka and Tamil Nadu would allow foreign players in multi-brand retail. The stake was valued at around INR 8.2 billion. A banking source said that the talks broke down as the foreign firms were looking for more clarity from south Indian states on FDI in retail and the valuation was also an issue.