022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 19 December 2012

DLF Sells Amanresort To Adrian Zecha

by Vivek Singh
DLF Sells Amanresort To Adrian Zecha
Share on Social Media Email Facebook Twitter Linkedin
 
@vivek

Realty Major DLF has signed an agreement to sell luxury resort chain Amanresorts for $300 Mn to the founder and chairman - Adrian Zecha.

According to BSE filing, the transaction concluded as a MBO of DLF Global Hospitality’s 100% shareholding in Silverlink Resorts Limited (the holding company of Amanresorts) from Adrian Zecha.

The sale of the hotels and resorts under the Amanresorts brand does not include the Delhi property – Lodhi hotel and the transaction is likely to be completed by Feb’13.

DLF has a debt of around R21,200 Cr and the company has targeting to reduce it to R18,000 Cr by the end of this fiscal from sale of two big non-core businesses — Amanresorts and wind energy. DLF was planning to sell hotel - Hilton Garden Inn of New Delhi.

It has recently sold the Mumbai plot to Lodha Developers for about R2,700 Cr.

Actis Backed Halonix Acquires European Firm International Lamps

Actis Backed Halonix Acquires European Firm International Lamps

Halonix has concluded the 100% acquisition of International Lamps Holding Co. SA, Luxembourg for an undisclosed amount.

Read More...

Contrarian Vridhhi Leads Investment In BookMyCab

Contrarian Vridhhi Leads Investment In BookMyCab

Amidst governments banning taxi aggregators, BookMyCab has raised an undisclosed amount of funding from Contrarian Vridhhi Fund-I along with existing investors including Mumbai Angels and YourNest Angel Funds.

Read More...