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Sebi clears Indian Hotels Company Ltd's rights issue-Business Standard


Tuesday, 10 Jun 2014 07:44am EDT 

Indian Hotels Company Ltd:Sebi has given approval to Indian Hotels Company's proposal to raise up to 10.00 bln Indian Rupees from rights issue-Business Standard.The company plans to utilise the proceeds of the issue towards 'part funding of capital expenditure proposed to be incurred for construction of Vivanta by Taj, Guwahati' as well as to fund the renovation at some of existing hotels.Also for repayment or pre-payment of certain borrowings of the company and general corporate purposes. 

Company Quote

104.8
-0.4 -0.38%
6:22am EDT