Indian Hotels Company (IHCL) has received approval for raising long-term funds not exceeding Rs 250 crore by way of secured or unsecured long-term financing in one or a combination of External Commercial Borrowings, Foreign Currency Borrowings, Non-Convertible Debentures, Term Loans or through any other debt instrument in one or more tranches. The Board of Directors of the Company at their meeting held on August 09, 2021 has approved 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, midmarket and value segments of the market.
