Announced Mon, 24 Aug · 09:13 IST
IHCL and OHL announce merger - share swap ratio 25:117
ORIENTHOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹138.14
prior close
₹142.98
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-1.4-2.4-1.9+2.9+1.9+0.8-0.1+0.7+2.1+0.9———
Up moveDown movePending
AI summary
The boards of IHCL and Orient Hotels Ltd (OHL) approved the merger of OHL into IHCL via a Scheme of Arrangement. OHL is an IHCL associate company with 7 hotels and 825 rooms, including Taj Coromandel Chennai, Taj Fisherman's Cove, and Taj Malabar Cochin. The all-stock deal offers 25 IHCL shares for every 117 OHL shares. Appointed Date is April 1, 2027, with completion targeted for H2 FY2028, subject to statutory approvals.
Likely market impact
OHL shareholders get IHCL shares directly; likely removes holding-company discount and simplifies group structure. Positive for OHL, neutral to mildly accretive for IHCL.