Tata Sons has raised its holding in Indian Hotels Company by 1.78% to 29.79% pursuant to a rights issue. Tata Sons earlier had 28.01% stake in the hospitality major.
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.