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Indian Hotels plans Rs 3,000 crore capex for next five years

22 Aug 2017 Evaluate

Indian Hotels Company has set aside Rs 3,000 crore as capex for the next five years, of which Rs 300 crore has been assigned for next year.

Also, the hospitality giant is planning to raise Rs 1,500 crore rights issue to reduce its debt levels and also use the proceeds for refurbishing and developing new and existing properties.

Meanwhile, the hospitality major is now looking to monetise its domestic properties like the Sea Rock property in North Mumbai which had been embroiled in a legal dispute.

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.

Indian Hotel Share Price

662.95 3.40 (0.52%)
20-Apr-2026 11:30 View Price Chart
Peers
Company Name CMP
Indian Hotel 662.95
ITC Hotels 163.10
EIH 324.60
Chalet Hotels 787.85
Mahindra Holi.&Resor 272.70
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