Sinclairs Hotels has generated a net cash of Rs. 27 crore by divesting its entire investment in Savannah Hotels Private Limited.
Sinclairs Hotels proposes to buy back shares @ Rs.390 .
( It appears that there would not be any delisting - Please Recheck this point )
As on 31-03 -13
Share Capital : Rs. 6 cr 7 lakh
Free Reserves : Rs. 71 cr 57 lakh
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Caution :The blog writer has personal/ family members' holdings in this Company , so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts before taking any investment .decision.
No responsibility taken by this author / blog . )