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.
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.
DLF, the biggest real estate company in India, is set to announce its third quarter results on Thursday. Analysts on an average expect profit after tax of the company to rise by 90 percent year-on-year to Rs 490 crore in the quarter due to jump in other income from NTC land sale.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his views on stocks across various sectors. He is not much positive on Reliance Industries and DLF. Among the sugar stocks, he believes that Balrampur Chini makes a value buy now.
Realty major DLF on Friday said it will raise up to Rs 3,000 crore by end of this fiscal from sale of its two non-core business assets - luxury hotel chain Aman Resorts and its wind-energy business.
Ashok Tyagi, CFO, DLF explains to CNBC-TV18 that the completion of the sale of land to Lodha Developers will significantly reduce the debt in the books of the company.
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.
In a CNBC-TV18 exclusive, Nayantara Rai learns from sources that DLF has entered into an MoU for selling Aman Resorts. This deal has been on the block for nearly two years.
Realty developer DLF is planning to conclude and complete its sale of Aman Resorts probably by July, reports CNBC-TV18's Nayantara Rai quoting sources.
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.