SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian Hotels Company raises Rs 150 crore via NCDs

24 Apr 2020 Evaluate

Indian Hotels Company’s (IHCL) Borrowings Committee has approved the allotment of 1500 rated, unsecured, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 aggregating to Rs 150 crore, by way of private placement, to Axis Bank.

The NCDs are proposed to be listed on the wholesale debt market segment of National Stock Exchange of India within 20 days from the deemed date of allotment. The tenor of the instrument is 3 years from the deemed date of allotment i.e. April 23, 2020 and the maturity date is on April 23, 2023. The coupon payable is 7.50% and the coupon is payable annually on April 23 every year. The principal amount is payable on April 23, 2023.

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

635.45 -3.45 (-0.54%)
24-Apr-2026 13:31 View Price Chart
Peers
Company Name CMP
Indian Hotel 635.45
ITC Hotels 157.85
EIH 325.35
Chalet Hotels 793.60
Mahindra Holi.&Resor 259.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×