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Mac Charles to borrow Rs 50 crore from Embassy Property Developments

13 Nov 2019 Evaluate

Mac Charles (India) has received approval to borrow a sum upto Rs 50 crore from Embassy Property Developments which is the holding company at such rate of interest, tenure and terms and conditions as may be mutually agreed upon. The Board of Directors of the Company at its meeting held on November 12, 2019 has approved the same.

Mac Charles (India) is engaged in the hospitality business with business integrated into the five-star hotel Le Meridien Bangalore.

Peers
Company Name CMP
The Indian Hotels Co 740.00
ITC Hotels 158.70
Mahindra Holi.&Resor 199.95
EIH 295.35
Chalet Hotels 845.95
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