₹4,000 crore through a qualified institutional placement. This is at a time when peers are struggling and are expected to lose market share.
Unsurprisingly, shares of smaller rival SpiceJet Ltd are still down 56% from its highs earlier in the year, despite the rally this week.In the hotels sector, analysts say, Indian Hotels Co.
Ltd is in a relatively better position when compared with peers as far as debt goes, given its limited refinancing needs and strong promoter backing.