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Indian Hotels raises Rs 200 cr via allotment of NCDs

Press Trust of India  |  New Delhi 

Tata Group firm Company (IHCL) today said it has raised Rs 200 crore through issue of securities on private placement basis.

IHCL said in a filing to that as per the resolution passed by the Board of Directors on May 18, 2016, "the company has today allotted 2,000, rated, listed, unsecured, redeemable, non-cumulative and non-convertible debentures aggregating to Rs 200 crore on private placement basis".


The company however did not specify how it intended to use the funds raised.

The IHCL stock closed at Rs 126.50, down 1.33 per cent, on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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