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Indian Hotels board OKs up to Rs. 7.5 billion of long-term funds
By Sarah Lizee
Olympia, Wash., April 22 – Indian Hotels Co. Ltd. notified the Bombay Stock Exchange that its board of directors met on Wednesday and approved a proposal to raise up to Rs. 7.5 billion of long-term funds.
The funds would be raised through external commercial borrowings, foreign currency borrowings, nonconvertible debentures, term loans or through any other debt instrument in one or more tranches.
Indian Hotels is a Mumbai-based hotel business.
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