Oriental Hotels to merge with parent IHCL

Oriental Hotels to merge with parent IHCL. The board approved the amalgamation of Oriental Hotels into Indian Hotels Company Limited (IHCL). Shareholders will receive 1 share of IHCL for every 40 held in Oriental Hotels. The move aims to streamline operations and unlock shareholder value.

📊 STOCKS: ORIENTHOTL | 🏢 SECTOR: Realty | #MEDIUMIMPACT #Merger