Epic Research Update : Indian Hotels Company

Indian Hotels Company (IHCL) is targeting to cut high cost debt by Rs 550 crore by utilizing a part of the proceeds from its upcoming rights issue. IHCL is to issue compulsorily convertible debentures (CCDs) for Rs 1,000 crore on a rights basis. Part of the proceeds would be utilised towards capital expenditure proposed to be incurred by the company for construction of its Vivanta by Taj in Guwahati.

For more information ✆ - 0731-6642300 or Visit http://ift.tt/1doLhaI

Posted in: Indian Market Tips