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Indian Hotels to raise capital through debt, equity

Indian Hotels Company (IHCL), the country’s biggest chain operator and owner of the Taj brand, said today that it would look at various methods of raising funds to meet its future expansion plans, including setting up hotel properties in India and abroad. Speaking to shareholders at its 108th Annual General Meeting, Chairman Ratan N Tata stated, “We are seeing various forms of raising debt, as well as raising equity from the market.” Tata, however, refused to elaborate. The amount raised will be used to fund IHCL’s target of setting up 45 hotels, which includes an ...