Aug 18, 2015 at 18:29 | Source: PTI
DLF has been selling non-core land parcel and businesses for the last three-four years to focus on its core real estate business as well as to improve its cash flows and reduce debt.
Feb 17, 2014 at 09:30 | Source: Moneycontrol.com
The net debt had increased to Rs 19,926 crore at the end of December quarter, from Rs 1,9508 crore as on September 30.
Feb 15, 2014 at 17:54 | Source: PTI
Since January this year, DLF said it has sold Amanresorts (barring Lodhi property) for USD 358 million (over Rs 2,200 crore) and also settled the dispute with the Delhi Development Authority (DDA) on the Dwarka Convention Centre project with refund of Rs 676 crore.
Feb 10, 2014 at 11:49 | Source: Moneycontrol.com
The company had acquired a 35-acre plot by paying Rs 901 crore in 2007 to develop a convention centre but the project got into a legal tussle with the Delhi Development Authority when DLF proposed to acquire a foreign partner for the same.
Feb 10, 2014 at 09:50 | Source: Moneycontrol.com
In a statement, DLF said its subsidiary, DLF Global Hospitality Ltd, has completed the sale of entire 100 percent stake in Silverlink Resorts, which owns Amanresorts, to Aman Resorts Group Ltd for "an enterprise value of USD 358 million."
Feb 10, 2014 at 08:43 | Source: Moneycontrol.com
The deal excludes the iconic Lodhi Hotel in Delhi which will remain a part of DLF. The move will help the real estate company trim its net debt and exit from non-core businesses.
Feb 10, 2014 at 08:38 | Source: Moneycontrol.com
DLF GLOBAL HOSPITALITY a 100 percent step down subsidiary of DLF has completed the sale of 100 percent equity stake in Silverlink Resorts the owner of Amanresorts to Aman Resorts Group a Joint Venture between Peak Hotels & Resorts Group and Mr. Adrian Zecha, the founder of Amanresorts for an Enterprise Value of USD 358 million.
Dec 19, 2012 at 11:36 | Source: CNBC-TV18
Saurabh Chawla, Executive Director of DLF informed the sale however, would not involve their flagship New Delhi hotel. He also clarified that the money incurred from the deal would be largely utilised to trim its debts.
Dec 19, 2012 at 11:19 | Source: Moneycontrol.com
DLF to sell Amanresorts for USD 300 million. The deal does not Involve Aman New Delhi Property. The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.
Dec 19, 2012 at 10:46 | Source: PTI
Realty major DLF said it has signed an agreement to sell luxury hotel chain Amanresorts to the hospitality property's founder and Chairman Adrian Zecha for about USD 300 million (over Rs 1,600 crore).