Pursuant to Regulation 30 of the Listing Regulations and further to the Outcome of the Board Meeting dated May 18, 2021 and Finance Committee Meeting dated December 21, 2021, Chalet Hotels has informed that the Finance Committee of the Board of Directors of the Company has on May 06, 2022 approved allotment of 2,000 Secured, Unlisted, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) aggregating to Rs 200 crores (to ‘International Finance Corporation’ on a Private Placement basis).
The above information is a part of company’s filings submitted to BSE.
