Indian Hotels Company’s (IHCL) Committee for long term Borrowings has considered and approved raising of funds by way of issuance of rated, unsecured, listed, redeemable, non-convertible debentures of face value of Rs 10,00,000 aggregating to Rs 300 crore by way of private placement, to ICICI Bank (NCDs). The NCDs are proposed to be listed on the wholesale debt market segment of National Stock Exchange of India and the tenor of the instrument is 3 years from the deemed date of allotment.
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.
