India’s Indian Hotels plans Rs. 2 billion sale of secured debentures

By Susanna Moon

Chicago, April 20 – Indian Hotels Co. Ltd. notified the Bombay Stock Exchange that it allotted Rs. 2 billion of secured redeemable debentures.

The 2,000 debentures will be issued by way of private placement, according to the notice.

The notes will be rated and listed.

Indian Hotels is a Mumbai-based hotel business.

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