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Chalet Hotels gets nod to raise upto Rs 500 crore through NCDs

29 Jul 2022 Evaluate

Chalet Hotels has received approval to raise upto an amount of Rs 500 crore through Non-Convertible Debentures (NCDs) in one or more tranches, including but not limited to, for the purpose of refinancing high cost debt. The board of directors of the company at its meeting held on July 28, 2022 has considered and approved the same.

Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.

Peers
Company Name CMP
The Indian Hotels Co 772.00
ITC Hotels 162.35
Mahindra Holi.&Resor 201.45
EIH 302.15
Chalet Hotels 849.15
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