Oriental Hotels merges into The Indian Hotel Company; Cyril Amarchand Mangaldas advises

Oriental Hotels Limited, an associate company of The Indian Hotel Company Limited, is set to merge with and into IHCL by way of a Scheme of Arrangement, approved by the boards of both companies on August 24, 2026.

Cyril Amarchand Mangaldas advised IHCL on this merger.

The transaction team included Pranay Chandran (Partner), Pranav Sharma (Senior Associate), Associates Naman Jain and Ajitesh Arya.

Avaantika Kakkar (Partner, Head - Competition). with support from Ananya Mahant (Senior Associate) advised on competition aspects of the transaction.

The share exchange ratio is 25 equity shares of IHCL for every 117 equity shares of Oriental Hotels, on an all-stock basis, with completion targeted in the second half of FY2028 and an Appointed Date of April 1, 2027.

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