Welcome Guest Sign In
Remember Me |New User!

 

 

 

 

  Follow Traveltechie on Twitter             

Travel News » Back to Previous Page

DLF aims to sell off Aman Hotel by January

In the first quarter, DLF had offloaded its entire stake in Adone Hotels and Hospitality Limited for Rs 567 crore to Kolkata-based Avani Projects and Square Four Housing & Infrastructure

   Thursday 15-Nov-2012  | New Delhi

Realty giant DLF plans to offload Aman Hotel, identified among the group’s non-core assets, in the next few weeks. In an analyst call on Wednesday, Chief Financial Officer Ashok Tyagi said, “We are closing the deal in the next few weeks. We hope we would be able to announce it in the current quarter.” It is expected the deal would be concluded by January 2013.

In the first quarter, DLF had offloaded its entire stake in Adone Hotels and Hospitality Limited for Rs 567 crore to Kolkata-based Avani Projects and Square Four Housing & Infrastructure. “We have already done divestment of about Rs 3,000 crore this financial year. Our target for the financial year is Rs 5,000 crore,” said Tyagi.



More News...