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Saboo Sodium Chloro receives offer for 100% sale of Samskara Resort & Spa

A sale decision, if reached, will value Samskara Resort &Spa in the range of Rs100-150cr.

November 17, 2021 2:41 IST | India Infoline News Service
Saboo Sodium Chloro Ltd has informed to the exchanges that it has received an unsolicited acquisition LOI (letter-of-intent) for a 100% sale of Samskara Resort & Spa.

As per regulatory filing, relevant LOI is dated November 08, 2021 and is from a 30-year-old prominent Swiss RE investment firm.

"Negotiations are taking place in Jaipur. A sale decision, if reached, will value Samskara Resort &Spa in the range of Rs100-150cr. The figure will be inclusive debt, and associated trademarks and intellectual property", said company on Wednesday.

At around 2:40 PM, Saboo Sodium Chloro was trading at Rs25.95 apiece up by Rs1.2 or 4.85% on the BSE.

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