Sinclairs Hotels has entered into a conditional sale agreement on December 05, 2022, for transfer of Company’s one acre of land (approximately) situated in Action Area I B, New Town, Kolkata. As per the company, the transfer of land would take place on fulfillment of conditions and due diligence. Hence it is not feasible to estimate time period of the expected date of transfer. The consideration received from such sale/disposal is Rs 27 crore.
Sinclairs Hotels presently operates in the hospitality sector, they own and manage a chain of hotels in India under the brand ‘Sinclairs’.
