• Zecha regains Aman

Indian real estate giant DLF has sold hotel subsidiary Aman Resorts to its founder Adrian Zecha, through vehicle Peak Hotels & Resorts. The price of USD358m is higher than the enterprise valuation of USD300m set in late 2012, reports Bloomberg.

Zecha sold Aman to DLF in 2007, for USD400m. DLF is selling assets to reduce debts and refocus on its core real estate business.
Read the full story here:
http://www.bloomberg.com/news/2014-02-10/dlf-sells-aman-resorts-to-founder-zecha-for-higher-valuation.html

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