Mumbai, India: Top Indian property developer DLF denied Monday a report it was in talks with Singapore’s Banyan Tree Holdings to sell a controlling stake in hotel operator Amanresorts.
   
The Financial Express newspaper reported earlier Monday that Banyan Tree was in advanced talks with India’s biggest real estate developer by sales to buy a controlling stake in Amanresorts for 350 million dollars.
   
“The report is false. We are not in talks with Banyan Tree” to sell a stake in Aman Resorts, DLF spokesman Sanjay Roy told Dow Jones Newswires.
   
“We have said before that we want to sell a stake in Amanresorts, but there is nothing yet,” Roy added without elaborating.
   
Banyan Tree has a range of interests, from hotels and resorts to spas, shopping centres and golf courses around the world.
   
DLF acquired 97 percent of the luxury hotel chain operator in 2007 for US$400 million ($550 million).

It owns resorts in countries such as Bhutan, Cambodia, China, France, India, Indonesia and the United States.
   
A media report last month said Malaysian sovereign wealth fund Khazanah Nasional Bhd. would buy a controlling stake in Aman Resorts for US$300 million to US$350 million.