Sept 30 (Reuters) - British real estate portal Rightmove ( RTMVF )

rejected on Monday a sweetened $8.29 billion takeover

proposal from Rupert Murdoch-owned Australian property listing

firm REA Group ( RPGRF ), citing the fourth bid continues to

undervalue the company.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by

Subhranshu Sahu)