The Indian Hotels Company Limited Proposes to Raise Funds by Way of Issuance of Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures
April 13, 2020 at 04:11 pm
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Pursuant to Regulation 29 and 50 of the SEBI LODR, The Indian Hotels Company Limited informed that in authority of the resolution passed by the Board of Directors of the Company at their meeting held on January 31, 2020, the " Committee for Long Term Borrowings", on April 17, 2020, proposes to consider and approve raising of funds by way of issuance of rated, unsecured, listed, redeemable, non-convertible debentures of face value of INR 1,000,000 aggregating to INR 1,500,000,000 by way of private placement.
The Indian Hotels Company Limited is an India-based hospitality company. The Company and its subsidiaries are primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands. The Company's brands include Taj, SeleQtions, Vivanta, Ginger, ama Stays & Trails, Taj Sats, Qmin, The Chambers, TajSATS, niu&nau, Khazana, Soulinaire, Loya, House of Nomad, F&B, Golden Dragon, and Seven Rivers, among others. Taj, the Company's flagship brand, has approximately 100 hotels in its portfolio with 81 in operation and 19 in the pipeline. Its Ginger brand has a portfolio of approximately 85 hotels across 50 locations, including 26 under development. The Company's culinary and food delivery platform is present in approximately 24 cities delivering via Qmin app and has an offline presence through Qmin Shops, Qmin QSR and Qmin food trucks.
THE INDIAN HOTELS COMPANY LIMITED 
