Indian Hotels’ Board of Directors at its meeting held on March 27, 2014, has approved to raise up to Rs 1,000 crore through rights issue by issuing compulsory convertible debentures (CCDs) to its existing shareholders.
The Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognized as one of Asia's largest and finest hotel company. IHCL operate in the luxury, premium, mid-market and value segments of the market. Ginger (economy hotels) is IHCL’s revolutionary concept in hospitality. It currently comprises 105 hotels across India and 17 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.
