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Indian Hotels Company shines on raising Rs 150 crore via NCDs

24 Apr 2020 Evaluate

Indian Hotels Company  is currently trading at Rs. 80.00, up by 1.30 points or 1.65% from its previous closing of Rs. 78.70 on the BSE.

The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 80.20 and Rs. 77.75 respectively. So far 15069 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.10 on 26-Jun-2019 and a 52 week low of Rs. 69.05 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 84.80 and Rs. 76.65 respectively. The current market cap of the company is Rs. 9359.46 crore.

The promoters holding in the company stood at 39.09%, while Institutions and Non-Institutions held 47.26% and 13.65% respectively.

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

657.50 -2.05 (-0.31%)
20-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
Indian Hotel 657.50
ITC Hotels 162.25
EIH 333.20
Chalet Hotels 788.50
Mahindra Holi.&Resor 269.90
View more..

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