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DLF says Aman Resorts sale likely by Dec [DNA : Daily News & Analysis (India)]
[November 16, 2012]

DLF says Aman Resorts sale likely by Dec [DNA : Daily News & Analysis (India)]

(DNA : Daily News & Analysis (India) Via Acquire Media NewsEdge) DLF Ltd, India's biggest realtor, expects to complete the sale of Aman Resorts luxury hotel chain by the end of December as it is working to sell non-core assets to reduce its Rs23,200 crore debt. The Aman Resorts assets for sale include 22 hotels in 12 countries, excluding a hotel in New Delhi. The hotel deal, Reuters said, was stalled earlier in January 2012 due to lower-than-expected bids from shortlisted companies. The realtor, in the market for more than a year now, was expecting to sell Aman Resorts for at least $400 million. DLF has also received shareholder approval to sell its wind energy business and expects to complete that deal this fiscal, the company said in an analyst presentation.

Everstone, Verlinvest to acquire Harry's Holdings Everstone Capital along with Verlinvest has offered to buyout Singapore Exchange listed Harry's Holdings for up to S$21.85 million (Rs98 crore, or $17.85 million). According to VCCircle, Harry's Group owns and operates a chain of premium lifestyle bars under the brand name Harry's and also various themed restaurants cum bars under the names Mirchi - Taste of India, Marrakesh Moroccan Lounge & Bar and The Rupee Room. Everstone has made a voluntary conditional cash offer for all the issued and paid-up ordinary shares of Harry's Holdings at S$0.23 per share to take the firm private.

Comp-U-Learn to exit Astus Technologies Comp-U-Learn Tech India is looking to sell its total holding in Astus Technologies Inc, USA, said the company in a BSE filing. Acquired in 2010 for an undisclosed amount, Astus is a full-service IT consulting and staffing company with over 14,000 specialised IT resources and provides staff augmentation, contract and contract-to-hire IT professionals to corporate clients nationwide. Incorporated in 1997, Comp-U-Learn is a globally diversified company providing software development, e-governance, e-learning and IT services to customers. Credit:Ashish K Tiwari (c) 2012 @ 2012 DILIGENT MEDIA CORPORATION LTD. ALL RIGHTS RESERVED

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