New Delhi, Aug. 24 -- Tata Group hospitality major Indian Hotels Company Ltd (IHCL) has approved the merger of associate company Oriental Hotels Ltd (OHL) through an all-stock transaction, in a move aimed at simplifying the group's ownership structure and strengthening direct control over its hotel portfolio.
The boards of both companies have approved a Scheme of Arrangement under which OHL shareholders will receive 25 IHCL shares for every 117 shares held in Oriental Hotels.
The merger is proposed to take effect from April 1, 2027, with completion expected in the second half of FY2028. The transaction remains subject to statutory approvals and other required clearances.
Oriental Hotels currently operates a portfolio of seven hotels comp...