Indian Lodge Firm to pick Rs 150 crore by draw of NCDs

The NCDs are proposed to be listed on the wholesale debt market phase of Nationwide Stock Alternate of India Ltd and the tenor of the instrument is 3 years from the deemed date of fragment, it added.

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Tata neighborhood agency Indian Lodge Firm Ltd (IHCL) on Friday stated a committee of the firm has popular raising of Rs 150 crore by issuing securities on inside most placement basis to Axis Monetary institution. “The Committee for future Borrowings, has today by draw of a spherical determination, understanding about and popular raising of funds by draw of issuance of rated, unsecured, listed, redeemable, non-convertible debentures of face price of Rs 10 lakh simplest aggregating to Rs 150 crore simplest by draw of non-public placement, to Axis Monetary institution Ltd,” IHCL stated in a BSE submitting.

The firm, on the different hand, did not speak the explanations for raising the funds.

The NCDs are proposed to be listed on the wholesale debt market phase of Nationwide Stock Alternate of India Ltd and the tenor of the instrument is 3 years from the deemed date of fragment, it added.

Shares of Indian Lodge Firm Ltd closed at Rs 80.50 per scrip on the BSE, down 0.43 per cent from its outdated close.

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First Printed on Apr 17, 2020 06: 10 pm

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