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.