MoneyWorks4Me

Savera Industries informs about outcome of Board Meeting

06 Nov 2014 Evaluate

Savera Industries has informed that the Board of Directors of the Company at its meeting held on November 05, 2014, has decided to seek the shareholders approval through postal ballot process (ballot & e-voting) (a) to close the business which is being carried on at Walnut Hotel, (a unit of Savera Industries Limited) door no. 5/76-4-16 & 17 Raidurga, Gachibowli-Tolichowki Road, Hyderabad 500 008, (b) sell & dispose of the movable assets situated at the premises of said Walnut Hotel and (c) terminate the lease agreement entered into with the Lessor in respect of the above Walnut Hotel.

The above information is a part of company’s filings submitted to BSE

Peers
Company Name CMP
The Indian Hotels Co 784.00
ITC Hotels 156.20
Mahindra Holi.&Resor 186.15
EIH 288.40
Chalet Hotels 789.55
View more..