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.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.