Savera Industries has executed sale deed effecting the sale of the company's property measuring an extent of one acre along with dilapidated building of 10,300 sq.ft. situated at Coimbatore, Tamil Nadu. The total consideration is Rs 10.50 crore. The buyer is a third party buyer who does not belong to the Promoter/Promoter Group Companies and the transaction does not fall under the ambit of Related Party Transactions.
Savera Industries is incorporated in November 1969, is engaged in the business of Hoteliering.