1. General
  2. Others

  3. Others

DLF arm signs agreement with Amanresorts Group

India Infoline News Service | Mumbai | December 19, 2012 10:11 IST

The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.

DLF Ltd has announced that DLF Global Hospitality Ltd. "DGHL", 100% step-down subsidiary of DLF Ltd., and Adrian Zecha, the founder and Chairman of the Amanresorts Group of luxury resorts, has announced the signing of a definitive agreement to effect Zecha's Management Buy-Out "MBO" of DGHL's 100% shareholding in Silverlink Resorts Ltd., the holding company for Amanresorts.

The value of the "MBO" is at an enterprise value of approximately US$300m and it does not include the Aman New Delhi property (Lodhi Hotel) which shall be retained by DLF Ltd.

The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.

BSE 140.30 1.70(1.23%)
NSE 140.40 1.80(1.30%)

***Note: This is a BSE Chart









 

 
 
 
Recent Reports
News