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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.
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...