Saboo Sodium Chloro Ltd to acquire land adjoining its 5-star property in Jaipur

Saboo Sodium Chloro Limited (SSCL) has announced its intention to acquire approximately 6000 Sq. yards of land adjoining its flagship 5-star property, Samskara Resort & Spa, Jaipur. This acquisition aims to facilitate the expansion of Samskara Resort & Spa by adding 100 additional rooms within the next 12-18 months, bringing the total room inventory to 150.

The expansion aligns with SSCL's growth strategy and will tap into the lucrative luxury wedding market and high-end clientele, potentially increasing both revenue and profitability by fourfold. This strategic move will establish Samskara as a mature, independent and wholly-owned subsidiary of SSCL.

The consideration amount for this land acquisition will be financed entirely through SSCL's existing cash reserves and internal accruals. The expected payback period for this investment is just 12 months, underlining the prudence of this strategic move.

Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs. 19.50 as compared to the previous close of Rs. 19.30. The total number of shares traded during the day was 43925 in over 105 trades.

The stock hit an intraday high of Rs. 19.90 and intraday low of 19.10. The net turnover during the day was Rs. 863187.00.

Source : Equity Bulls

Keywords

SABOOSODIUMCHLORO INE440C01016 LandPurchase Jaipur