Oriental Hotels eyeing to raise Rs 100 crore via bonds

06 Jan 2012 Evaluate

Chennai-based hospitality firm, Oriental Hotels (OHL) in which the Taj Group owns 34.47 percent stake, is planning to raise Rs 100 crore via 3-year bonds at 10.40 percent semi-annual coupon. The sole arranger to the deal is Yes Bank.

Oriental Hotels has a portfolio of eight hotels with a room inventory of 836 rooms, located across four states in South India. The flagship hotels for the company are Taj Coromondal, Chennai and Vivanta by Taj - Fisherman’s cove, Chennai.

Oriental Hotels Share Price

182.00 1.25 (0.69%)
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