IHCL and Oriental Hotels Announce Merger

Indian Hotels Company Limited (IHCL) and Oriental Hotels Limited (OHL) have announced a merger through a Scheme of Arrangement. OHL, an associate company of IHCL with seven hotels and 825 rooms, will be amalgamated into IHCL. This all-stock transaction proposes a share exchange ratio of 25 IHCL shares for every 117 OHL shares. The merger aims to simplify the group's holding structure, unlock the potential of OHL's portfolio, and drive long-term value creation by leveraging IHCL's balance sheet for strategic investments. Completion is targeted for the second half of FY2028, with an Appointed Date of April 1, 2027. The merger is subject to statutory approvals and clearances.