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Indian Hotels Company gets nod to raise up to Rs 3,000 crore via rights issue

24 Aug 2021 Evaluate

Indian Hotels Company’s (IHCL) board has approved raising of up to Rs 3,000 crore through a rights issue. The board of directors of the company has considered and approved, issue of equity shares by way of a rights issue to the existing shareholders of the company on a record date for an amount not exceeding Rs 3,000 crore.

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.

Peers
Company Name CMP
The Indian Hotels Co 890.00
ITC Hotels 176.85
Mahindra Holi.&Resor 197.50
EIH 308.95
Chalet Hotels 813.00
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