Oriental Hotels Limited
Oriental Hotels Limited is an associate company of The Indian Hotels Company Limited (IHCL). The company has seven hotels – Taj Coromandel, Chennai; Taj Fisherman’s Cove Resort & Spa, Chennai; Taj Malabar Resort & Spa, Cochin; Vivanta Coimbatore; Vivanta Mangalore; The Gateway Hotel Pasumalai, Madurai; and Gateway Coonoor – an IHCL SeleQtions hotel.
What Oriental files
- Others64
- Important11
- Board Meeting8
- Updates6
- Credit Ratings6
- Dividend/Bonus4
Rating agency ICRA has placed Oriental Hotels' long-term fund-based bank limits of 30.00 Cr on rating watch with positive implications, while reaffirming the short-term non-fund based limits of 20.00 Cr at [ICRA]A1+.
CARE Ratings has placed Oriental Hotels' long-term bank facilities (₹47.16 Cr and ₹1.00 Cr) on Rating Watch with Positive Implications, while reaffirming its short-term facilities (₹1.86 Cr and ₹81.86 Cr) at CARE A1+. This action follows the announced merger with Indian Hotels Company Limited. The rating agency will evaluate the...
CARE Ratings has placed Oriental Hotels' long-term bank facilities (₹47.16 Cr) on Rating Watch with Positive Implications, while reaffirming its short-term facilities (₹81.86 Cr) at CARE A1+. The positive watch signals potential rating upgrades ahead, reflecting strengthening business fundamentals and healthy liquidity that retail investors should view as a strong...
IHCL and Oriental Hotels (OHL) announced an all-stock merger. OHL shareholders get 25 IHCL shares for every 117 OHL shares. This streamlines group structure, unlocks asset value, and enhances efficiency.
Oriental Hotels (OHL) is set to merge with The Indian Hotels Company (IHCL). The amalgamation aims for significant synergies, cost optimization, and leveraging IHCL's strong financial and managerial resources. OHL shareholders will get 25 new IHCL shares for every 117 OHL shares. This deal offers OHL public shareholders direct ownership...