Categories: Press Release

Joint Press Statement by DGHL and Mr. Adrian Zecha

DLF Global Hospitality Ltd. “DGHL”, 100% step-down subsidiary of DLF Ltd., and Mr. Adrian Zecha, the founder and Chairman of the Amanresorts Group of luxury resorts, are pleased to announce the signing of a definitive agreement to effect Mr. Zecha’s Management Buy-Out “MBO” of DGHL’s 100% shareholding in Silverlink Resorts Ltd., the holding company for Amanresorts.

The value of the “MBO” is at an enterprise value of approximately USD 300m and it does not include the Aman New Delhi property (Lodhi Hotel) which shall be retained by DLF Ltd. The transaction is slated for final closure by end- February 2013 and is subject to usual closing conditions.

http://www.dlf.in/dlf/wcm/connect/corporate/dlf_site/home/top+link/media/press+releases/2012/co_dec_2012_joint+press+statement+by+dghl+and+mr.+adrian+zecha

The Property Times News Bureau

Recent Posts

NAREDCO Maharashtra NextGen Ties Up with Brigade REAP to Strengthen PROPEL, Empowering Emerging Entrepreneurs in Real Estate

Brigade REAP Incubates 76 Proptech Startups, Leading India's Largest Proptech Ecosystem with ₹200 Cr Earth…

5 days ago

Dr. Gautam Kanodia: Redefining Luxury Real Estate with KREEVA

New Delhi, November 22, 2024: Dr. Gautam Kanodia has emerged as a visionary leader, redefining…

5 days ago

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

6 days ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

6 days ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

7 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

7 days ago