IHCL's board has approved the merger of Oriental Hotels Limited (OHL) into IHCL.

This strategic move aims to unlock synergies, optimize costs, expand scale, and streamline operations by consolidating the two hospitality businesses.

OHL shareholders will receive 25 new IHCL shares for every 117 OHL shares they own.

This merger is set to benefit public shareholders by enabling OHL investors to participate directly in IHCL’s larger hospitality footprint.

The scheme awaits NCLT and other essential regulatory and shareholder approvals.