Indian Hotels Company (IHCL) and Oriental Hotels (OHL) approve a merger through an all-stock share exchange, with OHL shareholders receiving IHCL shares. News outlets report that the scheme is structured as an exchange based on a fixed ratio rather than cash.
The proposed arrangement sets a share exchange ratio of 25 IHCL shares for every 117 OHL shares. NDTV adds that IHCL currently holds a 37% stake in OHL, providing the parent company’s existing involvement in the target. The Hindu and Economic Times also describe the deal as a “scheme of arrangement” under which the transaction proceeds as a stock-for-stock transfer.
Market reaction is discussed by NDTV, which reports IHCL shares fall by more than 3% while OHL shares rise by about 6% following the announcement. Other outlets focus primarily on the terms of the merger and the planned share exchange, rather than day-of-trading moves. Overall, coverage aligns on the merger approval and the stated exchange ratio, with differences mainly in emphasis and market impact reporting.
