Oct 5 (Reuters) - Equifax Inc (NYSE:EFX) EFX.N :
* Update on Equifax proposal to acquire Veda Group Limited
* Increased all-cash non-binding proposal to buy all outstanding shares of common stock of Veda Group Limited to aud$2.825 per share
* Says increasing its offer for Veda Group by $75 million, resulting in an implied market capitalization of approximately US$1.7 billion
* Says Veda board has agreed to unanimously recommend this proposal assuming it proceeds to a binding offer
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