DLF to up stake in Aman parent
R. SURYAMURTHY & GARIMA SINGH NEOGY
New Delhi, Nov. 28: DLF Ltd, India’s largest property developer, plans to raise its stake in Silverlink — the holding firm for global luxury resorts chain Aman Resorts — to almost 100 per cent.
DLF, which has already taken a majority stake in Silverlink, “will buy out other shareholders within a month or so”, said sources close to the deal.
Negotiations are under way with other partners in Silverlink to buy out their holdings.
The KP Singh-owned DLF has already bought the stake that Lee Hing Development — a Hong Kong-based property fund — held in Silverlink.
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