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Saboo Sodium Chloro informs about press release

17 Nov 2021 Evaluate
Saboo Sodium Chloro has informed that Saboo Sodium Chloro has received an unsolicited acquisition LOI (letter-of-intent) for a 100% sale of Samskara Resort & Spa. Relevant LOI is dated 8/11/2021 and is from a 30-year-old prominent Swiss RE investment firm. Negotiations are taking place in Jaipur. A sale decision, if reached, will value Samskara Resort & Spa in the range of INR 100-150 Crore. The figure will be inclusive debt, and associated trademarks and intellectual property.

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

Peers
Company Name CMP
Nestle India 1178.30
Varun Beverages 400.20
Britannia Industries 4639.80
LT Foods 379.80
Hatsun Agro Product 999.00
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