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INDIAN HOTELS CO.LTD. - 500850 - Qualified Institutions Placement Of Equity Shares Of Face Value Rs. 1 Each (The "Equity Shares") By The Indian Hotels Company Limited (The "Company") Under The Provisions Of Chapter VI Of The Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018, As Amended (The "SEBI ICDR Regulations"), And Sections 42 And 62 Of The Companies Act, 2013, As Amended, Including The Rules Made Thereunder (The "Issue")

 We wish to inform you that the Committee at its meeting held today, i.e. March 25, 2022 has, inter alia, passed the following resolutions: a. Approved the closure of the issue period for the Issue today, i.e. March 25, 2022; b. Determined and approved the issue price of Rs. 202 per Equity Share (including a premium of Rs. 201 per Equity Share), which takes into account a discount of 0.73% (i.e. Rs. 1.48 per Equity Share) to the floor price of Rs. 203.48 per Equity Share determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue; c. Approved and adopted the placement document dated March 25, 2022; and d. Approved and finalised the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.
25-03-2022

Indian Hotels gains 3% as board approves Rs 2,000-crore QIP

 A board meeting is scheduled to be held on March 25, 2022 to consider and approve the issue price, including a discount, for the equity shares to be allotted to QIB
23-03-2022

Hotel bookings for March-May period cross pre-pandemic levels, says IHCL MD

 Hotel bookings for the March-May period this year have surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand, Indian Hotels Co Ltd (IHCL) Managing Director & CEO Puneet Chhatwal said on Tuesday. The head of the Tata group hospitality firm said that the long-term outlook of the industry is going to be far more positive than it was 5-10 years ago, although the volatility and geopolitical sentiments around the world amid the fear of the fourth wave of COVID-19 makes it difficult to forecast beyond 100 days. "What we are experiencing in the last four to six weeks is such a strong revival. I can definitely speak for IHCL that our March, April and May (2022) business on the books is higher than March, April and May of 2019," Chhatwal said. He said the bounce back in the business is led by domestic demand as "international is very limited for 'bubble flights' or OCI (overseas citizen of India)". While the international flights is scheduled to resume .
22-03-2022
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INDIAN HOTELS CO.LTD. - 500850 - Unaudited Condensed Standalone And Consolidated Interim Financial Statements For The Nine Months Ended December 31, 2021

 We wish to inform you that pursuant to the approval accorded by the Board of Directors of the Company, at its meeting held on October 21, 2021 and the special resolution passed by way of postal ballot/e-voting on January 29, 2022 by the Members of the Company, in connection with the Qualified Institutions Placement (QIP) of equity shares of face value ~1 each by the Company, the QIP Committee 2021-22 of the Board has, at its meeting held today i.e. March 22, 2022, interalia, considered and taken on record the Unaudited condensed standalone and consolidated interim financial statements along with the Auditors Review Report thereon for the nine months ended December 31, 2021. A copy of the said condensed standalone and consolidated interim financial statements of the Company alongwith the Auditors Review Report, is being forwarded to you.
22-03-2022
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INDIAN HOTELS CO.LTD. - 500850 - Qualified Institutions Placement Of Equity Shares Of Face Value "1 Each (The "Equity Shares") By The Indian Hotels Company Limited (The "Company") Under The Provisions Of Chapter VI Of The Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018, As Amended (The "SEBI ICDR Regulations"), And Sections 42 And 62 Of The Companies Act, 2013, As Amended, Including The Rules Made Thereunder (The "Issue")

 In terms of Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "SEBI LODR Regulations"), we wish to inform you that a meeting ofthe QIP Committee 2021-22 ofthe Board of Directors of the Company is scheduled to be held on March 25, 2022 to inter a/ia consider and approve the issue price, including a discount, if any thereto as permitted under the SEBI ICDR Regulations, for the Equity Shares to be allotted to qualified institutional buyers, pursuant to the Issue. We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
22-03-2022
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INDIAN HOTELS CO.LTD. - 500850 - Qualified Institutions Placement Of Equity Shares Of Face Value 5''1 Each (The "Equity Shares") By The Indian Hotels Company Limited (The "Company") Under The Provisions Of Chapter VI Of The Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018, As Amended (The "SEBI ICDR Regulations"), And Sections 42 And 62 Of The Companies Act, 2013, As Amended, Including The Rules Made Thereunder (The "Issue")

 At the meeting held today i.e. March 22, 2022, inter alia, passed resolutions for Authorising the opening of the Issue today, i.e. March 22, 2022; Approving and adopting the preliminary placement document dated March 22, 2022 and the application form dated March 22, 2022 in connection with the Issue and Approving the floor price for the Issue, based on the pricing formula as prescribed under the SEBI ICDR Regulations. We further wish to inform you that the ''Relevant Date'' for the purpose of the Issue is March 22, 2022 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula is ~ 203.48 per Equity Share. Pursuant to Regulation 176(1) of the SEBI ICDR Regulations, the Company may offer a discount of not more than 5% on the floor price so calculated for the Issue. The issue price will be determined by the Company, in consultation with the book running lead managers appointed for the Issue.
22-03-2022

Indian Hotels vs Lemon Tree Which Hotel Stock Is Better?

 As the tourism industry recovers from the pandemic, find out which company stands to benefit.
10-03-2022

Leisure hotels much ahead of COVID times, says Indian Hotels' Puneet Chhatwal

 The company is planning 18-20 hotels over the next 12 months
23-02-2022
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INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 This has reference to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations'). In accordance with the said Regulations, please note that the Company met with various investors/ analysts yesterday.
18-02-2022
Bigul

INDIAN HOTELS CO.LTD. - 500850 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 This has reference to Regulation 30(6) of the SEB I (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Regulations"). In accordance with the said Regulations, please note that the Company met with the following investors/ analysts yesterday.
10-02-2022
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