Announced Sat, 27 Jun · 16:49 IST
Spice Islands signs hotel lease for The Ocean Prime in Dwarka, Gujarat
Business Updates View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹533.70
prior close
₹543.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.0-4.5—-2.6-5.5-3.9-3.5-3.7-8.4-6.2———
Up moveDown movePending
AI summary
Spice Islands Industries has leased The Ocean Prime, a 26-room hotel with restaurant in Dwarka, Gujarat, from Ladhu kara Charities. Agreement runs from July 1, 2026 to June 30, 2027. Monthly rent is Rs 3 lakh with 10 percent annual rise and a Rs 50 lakh refundable security deposit. Move aims to grow the company hospitality business. Deal is not with a related party.
Likely market impact
Modest foray into hospitality; small lease size limits immediate revenue impact. Watch for occupancy and earnings update.