DLF, country’s largest realty firm has signed the deal to sell its international hotel chain, Aman Resorts. In line with its strategy to exit non-core assets and reduce debt, DLF, has announced the sale of Aman Resorts to Adrian Zecha, the luxury hotel chain’s founder and chairman, for $300 million (about Rs 1,600 crore). Both the parties have signed a definitive agreement for a management buyout, and the deal is expected to close by February 2013, However, the deal, does not include Aman New Delhi, a trophy property at Lodhi Road, which is frequented by the who’s who of Delhi.
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  • Does this also signal towards a jump in DLF stock price in near term?
  • This is a 15 day old news. Amen sell-off was widely anticipated and as it is an old news, current market price already discounts it