Qualified Institutional Placement by The Indian Hotels Company Limited becomes successful

The QIP Committee, approved the allotment of 9,90,09,900 Equity Shares of face value Rs1 each to eligible qualified institutional buyers (QIBs) at the issue price of Rs 202 per Equity Share (including a premium of Rs 201 per Equity Share) and reflects a discount of Rs 1.48 (i.e. 0.73 %) on the floor price of Rs 203.48 per Equity Share, aggregating to Rs 19,99,99,99,800 (Rupees One Thousand Nine Hundred and Ninety Nine Crore Ninety Nine Lakhs Ninety Nine Thousand Eight Hundred only), pursuant to the Issue in accordance with provisions of SEBI ICDR Regulations.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to Rs 1,42,03,99,602, comprising of 1,42,03,99,602 Equity Shares of Re. 1/-each.

Axis Mutual Fund, HDFC Life Insurance,Nippon Life India,Canara Robeco Mutual Fund and ICICI Prudential Mutual Fund through their various schemes acquired above 5% of Equity shares offered in the issue.