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Asia

Explained: What Oriental Hotels’ merger with IHCL means for shareholders

Markets-Economic Times · 2h ago · 🇮🇳 India

Explained: What Oriental Hotels’ merger with IHCL means for shareholders

IHCL will merge Oriental Hotels into itself through an all-stock transaction, with Oriental Hotels shareholders set to receive 25 IHCL shares for every 117 shares held. The merger will bring seven hotels and 825 rooms into IHCL’s standalone portfolio, while simplifying the group structure and creating operational and cost synergies.

Read the full story at Markets-Economic Times →

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