Sinclairs Hotels to sell land in Kolkata for Rs27 crore; Stock up 2%

6 Dec 2022 , 09:17 AM

Sinclairs Hotels Ltd has entered into a conditional sale agreement on December 05, 2022, for transfer of Company’s one acre of land (approximately) situated in Action Area I B, New Town, Kolkata 700 156.

The land will be sold for a lumpsum consideration of Rs 27,00,00,000 (Rupees Twenty Seven Crore only).

Notably, there is no turnover, revenue, or income out of the said land and hence the amount and percentage to net worth cannot be computed, the company said.

At around 9:17 AM, Sinclairs Hotels Ltd is currently trading at Rs115 per share up by Rs2.55 or 2.27% from its previous closing of Rs112.45 per share on the BSE.

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