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DLF Might be Closer to Sale of Aman

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Published on 05/12/11 - Updated on 17/03/22

Indian property developer DLF might a step closer to unloading its majority stake in Aman Resorts.

Indian property developer DLF might a step closer to unloading its majority stake in Aman Resorts (The Turks and Caicos location is pictured above).The deal is supposed to be concluded early in 2012.Bankers are reportedly closer to closing a deal for DLF’s disposition of its majority stake in Aman Resorts. On Friday, Business Standard in India reported that Khazanah (the Malaysian government’s wealth fund) is rumored as the most likely buyer of the luxury resort brand. Prince Alwaleed’s Kingdom Holding is cited as an interested bidder, amongst others.The deal is supposed to be concluded early in 2012.

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