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
- Credit Ratings6
- Updates6
- Dividend/Bonus4
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...
ORIENTHOT has provided an update regarding its Wholly-Owned Subsidiary (WOS), OHL International (HK) Limited. The WOS has allotted 63,000 new equity shares at an issue price of USD 28 each. This action represents an investment of USD 1,764,000 by Oriental Hotels Limited into its international arm. While specific strategic rationale...
Oriental Hotels Ltd is injecting USD 1.764 million (approx. 15.66 Cr) into its wholly-owned subsidiary, OHL International (HK) Limited. The funds will specifically be channeled to St. James Court Hotels Ltd for debt repayment. This strategic capital infusion aims to bolster the financial strength and reduce leverage for a key...