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India’s Indian Hotels allots Rs. 4.95 billion of secured debentures
By Tali Rackner
Norfolk, Va., Jan. 20 – Indian Hotels Co. Ltd. informed the Bombay Stock Exchange that it allotted Rs. 4.95 billion of secured redeemable noncumulative and nonconvertible debentures.
The 4,950 debentures will be rated and listed and issued on a private placement basis.
Indian Hotels is a Mumbai-based hotel business.
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