Saboo Sodium Chloro Ltd has approved the transfer of Samskara Resort & Spa, Jaipur to its subsidiary and sanctioned the acquisition of the remaining ownership stake. This strategic move aims to streamline operations, expand hospitality offerings, and position Samskara Resort for accelerated growth and profitability under unified management.
In a strategic expansion of its hospitality portfolio, Saboo Sodium Chloro Ltd has announced two key decisions regarding Samskara Resort & Spa, Jaipur. The company’s board has approved the transfer of the resort to its wholly owned subsidiary and simultaneously greenlit the acquisition of the remaining ownership stake in the property.
According to the BSE filing dated September 26, 2023, this move is part of a broader plan to scale Samskara Resort’s capacity by adding 100 rooms over the next 12–18 months. The consolidation is expected to quadruple profitability and establish the resort as a mature, independently managed asset within the group’s ecosystem.
Key Highlights:
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Board approves transfer of Samskara Resort & Spa to subsidiary
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Sanctions acquisition of remaining stake to gain full ownership
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Expansion plan includes 100 additional rooms over 12–18 months
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Expected to boost profitability and operational efficiency
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Strategic focus on hospitality growth and asset consolidation
Sources: Bombay Stock Exchange (BSE) Circular