Now, a slowing economy and tighter liquidity situation are likely to pull down the price of the property, putting a question mark over the Indian company's ability to meet its debt reduction target.
#DLF#CompanyWatch#Aman Resorts#Debt reduction
With a debt of around Rs 23,200 crore on its books, India's largest real estate major DLF will use the Rs 1,600 crore proceeds from its stake sale in Aman Resorts to repay a part of the debt. #DealStream#DLF#Aman Resorts#CNBC-TV18 Exclusive
Realty major DLF today said it has signed an agreement to sell luxury hotel chain Aman Resorts to the hospitality property's founder and Chairman Adrian Zecha for about $300 million (over Rs 1,600 crore). #CorporateStrategy#DLF#Aman Resorts