Saboo Sodium Chloro Limited has added a new business line of Hospitality lndustry and has recently built up a 5 star Wellness Resort & Spa called "Samskara Resort" at Village-Jaisinghpura, Peepla, Jaipur. Company has signed a LOI for 15 years for leasing the resort to Mahindra Holidays & Resort lndia Limited (Club Mahindra) on an annual lease of Rs. 2.56 crores which will directly be reflected in the bottomline of company for the next 15 years and will increase overall profitability of the company. The lease rent would be escalated after every 3 years period.
Brief Description of Samskara Resort : Samskara Resort provides all the luxurious facilities to its visitors which include approximately (but not limited to):
- 37 guest rooms
- Presidential Villa
- Yoga & Meditation center and Open Air Area
- Swimming Pool
- Walkway and Jogging
- Multi-Purpose Hall
- Daily Activity Programs
- Motorized Buggies for Transportation
Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs.9.65 as compared to the previous close of Rs. 9.36. The total number of shares traded during the day was 25582 in over 122 trades.
The stock hit an intraday high of Rs. 10.5 and intraday low of 9.08. The net turnover during the day was Rs. 250874.