Realty major DLF may finalise Aman Resorts' sale for Rs 1,700 crore by mid or end of September. CNBC-TV18 learns from sources that the luxury resort chain will be sold to a group of private equities and hotel chains.
DLF had inked the MoU with the international consortium a few months ago.
Sources say DLF is on track to meet its FY13 target of Rs 5,000 crore non-asset sale.
It was back in around 2006-07, when DLF acquired this super luxury resort chain for about USD 450 million. It is now selling it at about Rs 1,700 crore minus one marquee Delhi property. DLF has a debt of nearly Rs 23,000 crore.
When it decided to enter into an MoU, one of the factors that it was looking into was the quality of the bid that had been submitted, which means the milestone payment that the bidder was willing to make and it is on the basis of that experts feel DLF would have chosen this consortium because perhaps with this consortium they will be getting the money faster.
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