The Board of directors of Sayaji Hotels Ltd has approved to invest Rs. 20 crores for the project of budget hotel At Indore. It will be a 175 room’s mid segment budget hotel.
This 175 room Hotel will be operational from 2010 and will be developed and operated under the wholly owned Subsidiary Company named as “MALWA HOSPITALITY PVT LTD”.
The stock was trading at Rs.81.45, down by Rs.1.40 or 1.69%. The stock hit an intraday high of Rs.86.95 and low of Rs.81.45.
The total traded quantity was 6372 compared to 2 week average of 29936.