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Construction : Web Exclusive | July 2014 | Source : Construction Update

IHCL plans to raise Rs 1,000 crore through rights issue

Indian Hotels Company Ltd (IHCL) plans to raise funds amounting to Rs 1,000 crore through rights issue. The proceeds will be used to repay debt and fund expansion. The company plans to use to funds for renovation / refurbishment of its existing hotels. Around Rs 70 crore will be used to part fund the construction of its hotel 'Vivanta by Taj' at Guwahati.
 
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