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Indian Hotels to raise Rs 200 cr via allotment of NCDs

Indian Hotels to raise Rs 200 cr via allotment of NCDs

Monday, April 17, 2017, 10:25 PM

Tata Group firm Indian Hotels Company said it plans to raise Rs.200 crore through allotment of NCDs amounting to Rs 200 crore on private placement basis. As per the resolution passed by the Board of Directors on May 18, 2016, "it is proposed to allot unsecured, redeemable, non-cumulative and non-convertible debentures aggregating Rs.200 crore on private placement basis," Indian Hotels Company said.
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