Indian Hotels Company is mulling to raise Rs 200 crore from unsecured five-year bonds. The issue, which would offer a low coupon of 2%, would pay a premium on redemption, with an aim to deliver an internal rate of return of 9.75%.
Recently, Taj Hotels Resorts and Palaces, India's largest hospitality group, has expanded its portfolio with addition to the Vivanta with the opening of new spa resort in northern Kerala, the Vivanta by Taj - Bekal. This new property is the fifth hotel in Kerala under Vivanta by Taj brand which takes the total tally of the hotels to 24.
The Indian Hotels Company (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and are recognized as one of Asia's largest and finest hotel company. Taj Hotels Resorts and Palaces comprises 93 hotels in 55 locations across India with an additional 16 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.
