+91 22 24172311
Sections
Search
Subscribe
Equity
Venture Capital
Private Equity
M&A
Mergers & Acquisitions | 19 December 2012

DLF Sells Amanresort To Adrian Zecha

by Vivek Singh
 
@vivek

Realty Major @DLF_Limited1 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

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

Read More...

Grocery E-Tailer BigBasket Plans PE Fund Raise

Bangalore based grocery e-tailer BigBasket is planning to raise around R300 Cr to expand its presence in Delhi, Chennai, Pune and Ahmedabad. It had recently raised $3 Mn from Singapore based investor.

Read More...
TL Home Search New Keet
CONTACT US
Info@DealCurry.com
+91 22 24172311
A 311, 3rd Floor, AntopHill Warehousing Company,
Near Dosti Acres
Wadala(E),
Mumbai 400037
   
 
CLIENTS
USEFUL LINKS
SOLUTIONS
Copyright © EagleEye Research & Media Pvt. Ltd. 2009 All Rights Reserved - Interactive multimedia analysis platform for financial markets.
Site map |Terms of Use |Privacy Policy
DealCurry tracks financial and corporate markets for events, interprets and integrates the information in our platform, providing premium data, news and analytics. DealCurry provides comprehensive coverage of the capital markets through an intuitive, user-friendly interface.