Business & Finance

India's DLF to sell Amanresorts in $300mn deal

Published December 19, 2012 Updated December 19, 2012 05:22am

 

Amanresorts, with assets including 22 hotels in 12 countries, has been on the block for around two years, as DLF worked to sell non-core assets to reduce its 232 billion rupees ($4.2 billion) worth of debt.

 

The deal is expected to close by the end of February, DLF said in a statement to stock exchanges.

Copyright Reuters, 2012
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