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Prospect News home > News index > List of issuers I > Headlines for Indian Hotels Co. Ltd. > News item
Published on 4/23/2020 in the Prospect News Emerging Markets Daily.

New Issue: Indian Hotels allots Rs. 1.5 billion 7½% debentures due 2023

By Sarah Lizee

Olympia, Wash., April 23 – Indian Hotels Co. Ltd. notified the Bombay Stock Exchange that it allotted Rs. 1.5 billion of 7½% redeemable nonconvertible debentures due April 23, 2023.

The debentures are being issued by way of private placement to Axis Bank Ltd.

Indian Hotels is a Mumbai-based hotel business.

Issuer:Indian Hotels Co. Ltd.
Issue:Redeemable nonconvertible debentures
Amount:Rs. 1.5 billion
Maturity:April 23, 2023
Coupon:7½%
Approval date:April 23

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