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Sayaji Hotels gets nod to give corporate guarantee in favor of SBI

10 Apr 2014 Evaluate

Sayaji Hotels has received an approval to give corporate guarantee of amount not exceeding Rs 24 crore in favor of State Bank of India (SBI), on behalf of wholly owned subsidiary of the company ‘Malwa Hospitality’. The board of directors at its meeting held on April 09, 2014 has approved for the same.

Located in Indore, Central India’s finance capital, Sayaji Hotel reflects the city’s spirit in a harmonious blend of tradition and contemporary sophistication.

Peers
Company Name CMP
The Indian Hotels Co 772.00
ITC Hotels 162.35
Mahindra Holi.&Resor 201.45
EIH 302.15
Chalet Hotels 849.15
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