India's Oriental Hotels rises after all-stock merger with Indian Hotels Company

Indian Hotels

24/08/2026 05:13

** Oriental Hotels' ORHT.NS shares rise 1.4% to 140.50 rupees
** Co merges with Indian Hotels Company IHTL.NS through a Scheme of Arrangement
** "The Scheme of Arrangement proposes a share exchange ratio of 25 IHCL shares for every 117 OHL shares and is an all-stock transaction," - IHTL
** Transaction targeted to be completed in H2 FY28 
** Oriental Hotels operates seven hotels and is an associate company of IHTL
     ** "The merger will drive long-term value creation by leveraging IHCL's strong balance sheet to support strategic investments," - Puneet Chhatwal, MD & CEO, IHTL
** YTD, ORHT up 38.8%, IHTL down 1.3%  

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))