DLF sells Aman Resorts for $358 million
Feb 10 2014 , Mumbai
DLF Global Hospitality, a subsidiary of DLF, sold its full stake in Silverlink, the controlling entity of Aman Resorts, to a joint venture of Peak Hotels & Resorts Group and Zecha.
The deal does not include Lodhi Hotels, Aman Resorts' flagship property in New Delhi, DLF said in a statement to the stock exchange on Sunday. The deal is a part of DLF's objective of divesting its non-core assets, it added.
DLF shares were up more than 5 percent in morning trade, while the broader market was up 0.1 percent.