Oriental Hotels board approves merger with Indian Hotels Company Limited (IHCL)

Oriental Hotels Limited's board approved an amalgamation scheme with The Indian Hotels Company Limited. This significant merger requires approvals from regulatory bodies and shareholders of both companies. The proposed share exchange ratio involves IHCL issuing new shares for OHL's existing equity. This strategic move aims to create synergies and simplify IHCL's operational structure. The amalgamation is expected to enhance financial resources and management expertise for OHL.

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