Adrian Zecha

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.

DLF surges 6%, Amanresorts sale to reduce debt

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."

DLF sells Amanresorts to Adrian Zecha for $358 mn

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.

Aman Resorts sale talks not restricted to Adrian Zecha: DLF

In an interview to CNBC-TV18, Ashok Tyagi, chief financial officer, DLF says this, however, does not mean that the deal with Adrain Zecha, who is the owner and founder of the hotel chain, has fallen through.

DLF-Aman Resorts Rs 1600cr deal may not go through: Sources

Founder of Aman Resorts Adrian Zecha was supposed to buy the resort. But he was unable to gather enough funds for the management buyout

DLF's Aman Resorts sale delayed till end-June

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.