Merger24 Aug 2026, 08:58 am
Oriental Hotels Ltd to Merge with The Indian Hotels Company Ltd
AI Summary
Oriental Hotels Limited (OHL) announced its Board of Directors has approved a Scheme of Arrangement for its amalgamation into The Indian Hotels Company Limited (IHCL). The merger, subject to NCLT and shareholder approvals, aims to create synergies between the two companies operating in the hospitality sector. OHL reported revenue of ₹500.7 Cr and net worth of ₹480.5 Cr as of March 31, 2026, while IHCL reported revenue of ₹5640.16 Cr and net worth of ₹12766.95 Cr. IHCL, a promoter of OHL, holds 37.05% of OHL's equity. The transaction is considered a related party transaction but will be conducted on an arm's length basis, with valuations supported by independent reports.
Key Highlights
- Oriental Hotels Ltd approved for amalgamation into The Indian Hotels Company Ltd.
- Merger subject to NCLT, shareholder, and regulatory approvals.
- Synergies expected from complementary hospitality portfolios.
- IHCL is a promoter of OHL, holding 37.05% equity.
- Transaction to be conducted on an arm's length basis.
Price Impact
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