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Savera Industries shuts down Bangalure unit

03 May 2017 Evaluate

Savera Industries has decided to close its Bangalure unit ‘Savera Purple’ situated at Doddannekkundi, Bangalore. The reason for the closure of the business is due to continuous losses incurring by the unit.

The Board of Directors of the company at its meeting held on May 02, 2017, has approved for the same.

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
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