Indian Hotels Company Limited (IHCL), the Tata Group’s hospitality arm, has infused nearly ?220 crore into its wholly owned Netherlands-based subsidiary, IHOCO BV.
According to a regulatory filing, the funds will be utilised by IHOCO BV to invest further in its subsidiaries for debt repayment and operational needs.
Established on June 29, 1984, IHOCO BV serves as IHCL’s apex holding company for its overseas hospitality investments.