Tata group hospitality firm Indian Hotels Company (IHCL) has decided to raise Rs 200 crore through private placement of non-convertible debentures (NCDs). The said NCDs will be for tenure of three years till April 20, 2020, with the deemed date of allotment being April 20, 2017.
Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.
