Tata Group-owned IHCL announces all-stock merger with Oriental Hotels

•Tata Group's Indian Hotels Company Ltd (IHCL) to merge with Oriental Hotels Ltd through an all-stock transaction.

•IHCL will issue 25 shares for every 117 Oriental Hotels shares, aiming for completion in the second half of FY2028.

•The merger will simplify IHCL's holding structure, streamlining governance and enhancing operational efficiency.

•Oriental Hotels shareholders will now participate directly in IHCL's growth journey.