M/s Sayaji Hotels Management Limited ("SHML"), a Wholly Owned Subsidiary of Sayaji Hotels Limited, has signed and entered into 7-Management Agreement for the expansion of SHML by having new properties in the below mentioned locations:
- Vizag, Andhra Pradesh.
- Bhuj, Gujrat.
- Dehradun, Uttarakhand
- Udaipur, Rajasthan
- Jamnagar, Gujrat
- Nashik, Maharashtra
- Morbi, Gujrat
This expansion plan will lead to an addition of 476 new rooms and an overall increase of 1000 rooms into the portfolio by the year 2021-22. By this plan, SHML is aiming at strengthening as well as increasing its presence on PAN India basis and also looking forward for the areas of growth.
Shares of SAYAJI HOTELS LTD. was last trading in BSE at Rs.243.95 as compared to the previous close of Rs. 232.35. The total number of shares traded during the day was 2926 in over 56 trades.
The stock hit an intraday high of Rs. 243.95 and intraday low of 235.9. The net turnover during the day was Rs. 712387.