Real estate company Omaxe Ltd has entered into memorandum of understanding with Thai Privilege Consultant, rated amongst the world's best Spas, to build world class spas in the hi-end luxury properties of Omaxe Ltd under the name Thai Privilege Spa.

The MoU has been signed initially to establish and operate 10 Spa outlets of Thai Privilege Spa in New Delhi and Northern India within two years.

According to the MoU, the Thai Privilege Consultant's engagement is also to assist Omaxe Ltd. in establishing and operating Spa business including the spa management, Spa technique, Spa franchising and the other knowledge areas.

At 11:01 am, Omaxe Limited was quoting at Rs 235, up Rs 3, or 1%. It touched an intraday high of Rs 237 and an intraday low of Rs 228.