Saboo Sodium Chloro Ltd receives offer for Samskara Resort & Spa

Saboo Sodium Chloro Ltd. has received an unsolicited acquisition LOI (letter-of-intent) for a 100% sale of Samskara Resort & Spa. Relevant LOI is dated 8/11/2021 and is from a 30-year-old prominent Swiss RE investment firm.

Negotiations are taking place in Jaipur. A sale decision, if reached, will value Samskara Resort & Spa in the range of INR 100-150 Crore. The figure will be inclusive debt, and associated trademarks and intellectual property.

Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs. 24.75 as compared to the previous close of Rs. 25.55. The total number of shares traded during the day was 72686 in over 248 trades.

The stock hit an intraday high of Rs. 26.65 and intraday low of 24.30. The net turnover during the day was Rs. 1825950.00.

Source : Equity Bulls

Keywords

SABOOSODIUMCHLOROLTD INE440C01016 SamskaraResortandSpa StakeSaleOffer