Oriental Hotels’ board has approved raising of additional long term funds not exceeding Rs 100 crore by way of Non-Convertible Debentures, Term Loans or through any other debt instrument or public deposit or a combination of one or more of the aforesaid options in one or more tranches. The board of directors of the company at their meeting held on May 6, 2020 has approved the same.
Oriental Hotels (OHL), a Taj group hotel arm, was incorporated in the year 1970 as a public limited company. The Group’s principal activities are to own and operate hotels and restaurants. Taj Coromandel, Chennai is the flagship hotel of the company. It is first Five Star Luxury Delux Hotel in the city.
