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INDHOTEL · The Indian Hotels Company Limited · NSE · Filed 24 Aug · 2 min
IHCL board approves merger of associate Oriental Hotels into itself
Indian Hotels will absorb its Chennai-based associate Oriental Hotels via a share-swap, issuing 25 IHCL shares for every 117 OHL shares held by outside shareholders.
INDHOTEL · The Indian Hotels Company Limited · NSE · Filed 24 Aug · 1 min
IHCL to Absorb Associate Oriental Hotels in All-Stock Merger
IHCL's board has approved amalgamating Oriental Hotels Limited — a seven-hotel, 825-room portfolio including Taj Coromandel, Chennai — into the company through an all-stock Scheme of Arrangement.
INDHOTEL · The Indian Hotels Company Limited · BSE · Filed 24 Aug · 1 min
Indian Hotels to Absorb Oriental Hotels in All-Stock Merger, Adding 7 Southern Properties
IHCL's board has approved amalgamating Oriental Hotels into the company, with OHL shareholders to receive 25 IHCL shares for every 117 OHL shares held.