Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesDLF calls for binding bids for Amanresorts: Sources

    DLF calls for binding bids for Amanresorts: Sources

    The race to acquire luxury-hotel chain Amanresorts International is heating up. Realty major DLF has called for binding bids for Amanresorts next week, reports CNBC-TV18 quoting reports.

    October 12, 2011 / 13:40 IST

    The race to acquire luxury-hotel chain Amanresorts International is heating up. Realty major DLF has called for binding bids for Amanresorts next week, reports CNBC-TV18 quoting sources.

    According to sources, DLF received 15 non-binding bids for Amanresorts last week and has already shortlisted seven of the 15 bidders for Amanresorts. DLF bought Amanresorts in 2007 for USD 250 million. However, its debt now stands now between USD 50-60 million.

    Mandate for Amanresorts sale lies with Goldman Sachs and Citi Bank. Bankers and DLF are looking at a valuation of more than USD 400 million.


     

    first published: Oct 11, 2011 01:22 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347