DLF’s - 100% step down subsidiary - DLF Global Hospitality (DGHL) has completed the sale of 100% equity stake in Silverlink Resorts (SRL), the owner of Aman resorts to Aman Resorts Group (ARGL). ARGL is a joint venture between Peak Hotels & Resorts Group (PHRL) and Adrian Zecha, the founder of Amanresorts for an Enterprise Value of $358 million.
The sale has been in the form of management buyout. DLF Global Hospitality had purchased 100% equity in Amanresorts in 2007 from a group of investors. The deal excludes the iconic Lodhi Hotel in Delhi which shall remain a part of DLF. The transaction is a part of DLF’s objective of divesting its non core assets.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.
Company Name | CMP |
---|---|
Dilip Buildcon | 424.50 |
Macrotech Developers | 1337.00 |
NBCC (India) | 145.80 |
Prestige EstatesProj | 1624.95 |
DLF | 840.90 |
View more.. |