DLF signed definitive agreement with Adrian Zecha

DLF Global Hospitality Ltd., a 100 per cent step-down subsidiary of DLF Ltd., and Adrian Zecha, the founder and Chairman of the Aman Resorts Group, has announced the signing of a definitive agreement to affect Mr Zecha’s Management buyout “MBO” of DGHL’s 100 per cent shareholding in Silverlink Resorts Ltd., the holding company for Aman Resorts.
The value of the “MBO” is at an enterprise value of approximately $300 million and it does not include the Aman New Delhi property (Lodhi Hotel) which will be retained by DLF Ltd. The transaction is slated for final closure by the end of February 2013 and is subject to usual closing conditions.

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