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DLF gains as its arm concludes sale of Aman resorts to ARGL for $358 million

DLF Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532868 | NSE: DLF

10 Feb 2014 Evaluate

DLF is currently trading at Rs. 144.65, up by 6.70 points or 4.86% from its previous closing of Rs. 137.95 on the BSE.

The scrip opened at Rs. 143.70 and has touched a high and low of Rs. 145.95 and Rs. 142.05 respectively. So far 2,19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.20 on 12-Mar-2013 and a 52 week low of Rs. 120.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 145.95 and Rs. 130.40 respectively. The current market cap of the company is Rs. 25,723.00 crore.

The promoters holding in the company stood at 74.93% while Institutions and Non-Institutions held 20.32% and 4.75% respectively.

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.

DLF Share Price

601.80 12.10 (2.05%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Lodha Developers	871.70
Dilip Buildcon	457.55
DLF	601.80
Oberoi Realty	1710.00
Ahluwalia Contract(I	832.90
View more..

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DLF gains as its arm concludes sale of Aman resorts to ARGL for $358 million

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