finance.yahoo.com

IHCL to merge Oriental Hotels in share-swap; appointed in 2027

Indian Hotels Company logoIndian Hotels Company
Sig3.40Sen+4.80Env0.00Soc0.00Gov+1.70

IHCL has approved combining with its associate Oriental Hotels through a scheme of arrangement using an exchange ratio of 25 IHCL shares for every 117 OHL shares. The deal is subject to statutory approvals, with an appointed date of 1 April 2027 and completion targeted for the second half of FY28. OHL runs seven hotels with 825 rooms, and the merger is expected to create long-term value for shareholders.

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