ORIENTHOT · NSE
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Oriental Hotels will merge into Indian Hotels with shareholders receiving 25 shares in Indian Hotels for every 117 shares held in Oriental Hotels, and Indian Hotels will issue 23.2 million new shares for the merger.
Indian Hotels Company is acquiring Oriental Hotels, an associate company with a portfolio of seven hotels containing 825 rooms, in an all-stock transaction with a share exchange ratio of 25 Indian Hotels shares for every 117 Oriental Hotels shares and an appointed date of April 1, 2027.
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