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.