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Board of Indian Hotels Co approves fund raising up to Rs 250 cr

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Capital Market

At meeting held on 09 August 2021

The Board of Indian Hotels Co at its meeting held on 09 August 2021 has approved raising of long-term funds not exceeding Rs. 250 crore by way of secured or unsecured long-term financing in one or a combination of External Commercial Borrowings, Foreign Currency Borrowings, Non-Convertible Debentures, Term Loans or through any other debt instrument in one or more tranches and authorized a committee to determine and approve the quantum, timing and nature of & terms and conditions of the instrument to be issued.

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First Published: Aug 09 2021 | 7:38 PM IST

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