Indian Hotels Company (IHCL) has raised Rs 300 crore through rated, unsecured, listed, redeemable, non-convertible debentures (NCDs) and allotted 3000 NCDs face value of Rs 10,00,000 by way of private placement, to ICICI Bank. The Committee for Long Term Borrowings at its meeting held on June 5, 2020 has approved and allotted the same.
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.
