Indian Hotels Co invests Rs 165 cr in ELEL Hotels and Investment

The Indian Hotels Company has through a rights issue acquired 3,30,043 equity shares of the face value of Rs 10 at issue price of Rs 5000/- per share, for cash at premium of Rs 4,990 per equity share aggregating to Rs 165.02 crore of ELEL Hotels and Investment, wholly- owned subsidiary.

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