DLF, India’s largest listed property developer, has bought one of the world’s premium hotel chains in the latest move by the country’s companies to extend their overseas acquisition drive to include top-end luxury brands.

DLF is paying $200m for a controlling stake in Amanresorts. The deal comes at a time when Indian automotive companies Tata Motors and Mahindra & Mahindra are bidding for Ford’s luxury Jaguar and Land Rover marques.