Monday, November 29, 1999

Sayaji Hotels wins five-star hotel project

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Mumbai, June 17(PTI) Hospitality firm Sayaji Hotels today said the firm in partnership with Kohinoor Hospitality Pvt Ltd has been awarded a five-star hotel project on a build and operate basis in Madhya Pradesh. The MP government''s tourism department has awarded the project, Sayaji Hotels said in a filing to the Bombay Stock Exchange. It has been given land at Kotra Sultanabad in Bhopal on a lease for 90 years, it said. The Madhya Pradesh Tourism Development Corporation Ltd (MPTDC) has won the project in competitive bidding using the e-procurement system, it added. Shares of the company closed at Rs 110, marginally down from the previous close on the BSE. **** Indiabulls Real Estate allots 1.04 L shares under ESOS * Construction firm Indiabulls Real Estate today said it has allotted over 1.04 lakh equity shares to the eligible staff under employees stock option scheme (ESOS). The board of directors took the decision at its meeting held on Wednesday, Indiabulls Real Estate informed the Bombay Stock Exchange in a regulatory disclosure. The paid-up equity capital of the company stood increased to over Rs 80.33 crore divided into over 40.16 crore equity shares of Rs 2 each, it said. Shares of the company closed at Rs 149.90, marginally up from the previous close on the BSE..

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