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Indian Hotels to make Rs 1,500 crore rights issue

Tue, Aug 22 2017, 04:22 PM

Indian Hotels, the Tata Group company that manages the group’s hotels business, on Monday announced a Rs 1,500 crore rights issue to reduce its debt and renovate its hotels. Weighed down by expensive acquisitions, the Indian Hotels stock has stayed below its January 2008 share price all these years