Sinclairs Hotels has received an approval to buy-back 495,222 equity shares of face value of Rs 10 each representing 8.16% of the total number of equity shares in the paid-up equity share capital of the company at a price of Rs 390 through tender offer route. The Committee of Directors at its meeting held on September 02, 2013 has approved for the same.
The company presently operates in the hospitality sector; it owns and manages chain of hotels in India under the brand Sinclairs.