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DLF Ltd In Talks With Private Equity Funds To Sell Aman Resorts-Business Standard

Friday, 26 Jul 2013 05:34am EDT 

Business Standard reported that DLF Ltd has initiated talks with four buyers including some private equity funds for the sale of its luxury hotels chain Aman Resorts, said a source involved in the deal. This move follows after the Aman's earlier buyer, who also happens to be its founder, missed two deadlines to pay the money for the deal. In December 2012, DLF announced that it has sold entire stake in the Aman Resorts for $300 million to the latter's founder Adrian Zecha. But Zecha has missed two deadlines in March and June, said sources, adding that he could not raise funds for the deal. 

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