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    HomeNewsBusinessCompaniesDLF plans to sell AmanResorts, receives 3 binding bids

    DLF plans to sell AmanResorts, receives 3 binding bids

    DLF's plan of selling the super-luxury hospitality chain Aman Resorts is picking up pace. CNBC-TV18 sources informed that DLF and its bankers Citi and Goldman Sachs have received three binding bids. It is also learnt that another three may also follow suit by early next week.

    October 19, 2011 / 19:54 IST

    DLF's plan of selling the super-luxury hospitality chain Aman Resorts is picking up pace.

    CNBC-TV18 sources informed that DLF and its bankers Citi and Goldman Sachs have received three binding bids. It is also learnt that another three may also follow suit by early next week.

    Last week, the realty major had received 15 non-binding bids and shortlisted seven between them.

    DLF has been looking at a valuation of over USD 400 million for Aman Resorts. It hopes to close the deal by November end. It is said that the sale of Aman Resorts will play a big role in reducing DLF's Rs 23,000 crore debt.

    first published: Oct 19, 2011 05:04 pm

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