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Savera Industries gets nod to close its units

30 Jun 2020 Evaluate

Savera Industries has received an approval to close Amaravathi restaurant at ECR, Amaravathi Highway restaurant at Chengapalli and Kaaraikudi restaurant at Ulundurpet units in view of continuous losses incurred by the units due to lock down on account of present COVID19 pandemic. The Board of Directors of the company at its meeting held on June 29, 2020 has approved the same.

Savera Industries is a haven for business travellers in Chennai, providing services and facilities beyond compare.

Peers
Company Name CMP
The Indian Hotels Co 716.15
ITC Hotels 158.75
Mahindra Holi.&Resor 195.20
EIH 298.00
Chalet Hotels 830.20
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