DLF to raise up to Rs 3,000 cr

DLF on Friday said it will raise up to Rs 3,000 crore by the end of this fiscal from sale of its 2 non-core business assets -- luxury hotel chain Amanresorts and wind energy business.

The company also said it will launch three-four projects in Gurgaon by March 2013, which would generate about Rs 15,000 crore sales realisation over the next three-four years.

"Amanresorts is a complex deal. It will take time. It looks like that wind energy will be concluded faster than Amanresorts," DLF Group Executive Director Rajeev Talwar told reporters when asked about the progress with regard to divestment of its non-core assets.

The company is engaged in active negotiations in both the deals and expects to close the transactions by end of this fiscal, he added. Asked about how much amount DLF expects to raise from these two deals, Talwar said that it will be between Rs 2,500 crore and Rs 3,000 crore.