Market regulator Sebi has given approval to Indian Hotels Company's proposal to raise up to Rs 1,000 crore from rights issue.
In rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio. Tata group firm Indian Hotels Company had filed draft documents with the Securities Exchange Board of India (Sebi) in April for the rights issue.
In rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio. Tata group firm Indian Hotels Company had filed draft documents with the Securities Exchange Board of India (Sebi) in April for the rights issue.