Realty major, DLF's debt reduction via non-core asset sale has hit rough weather. Sources say the deal closure of the USD 300 million sale of the super luxury hospitality chain Aman Resorts has been delayed to now end in June.
Also read: Sale of wind assets in line with company strategy: DLF
DLF in December 2012 had announced its selling Aman Resorts back to the founder Adrian Zecha. The company said the deal would be closed by February.
DLF is yet to be paid and is now likely to get the USD 300 million in three tranches by the end of this quarter. Sources have further added that Adrian Zecha is now in the process of organising the funds.
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!
