Comments
Tata group firm Indian Hotels Company Ltd (IHCL) on Friday said a committee of the company has approved raising of ₹150 crore by issuing securities on private placement basis to Axis Bank. “The committee for long-term borrowings, has today by way of a circular resolution, considered and approved raising of funds by way of issuance of rated, unsecured, listed, redeemable, non-convertible debentures of face value of ₹10 lakh only aggregating to ₹150 crore only by way of private placement, to Axis Bank Ltd,” IHCL said in a BSE filing. The company, however, did not disclose the reasons for raising the funds.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.