In a significant move within the hospitality industry, Oriental Hotels Limited—an associate entity of The Indian Hotel Company Limited (IHCL)—is poised to merge into IHCL. This strategic consolidation will be executed through a Scheme of Arrangement, which was sanctioned by the boards of both companies on August 24, 2026.
The prestigious law firm Cyril Amarchand Mangaldas has been entrusted with advising IHCL on this merger. The transaction team was spearheaded by Partner Pranay Chandran and included the expertise of Senior Associate Pranav Sharma, along with Associates Naman Jain and Ajitesh Arya.
In addition to the core transaction team, the competition law aspects of this merger were meticulously handled by Avaantika Kakkar, Partner and Head of Competition at Cyril Amarchand Mangaldas, with the assistance of Senior Associate Ananya Mahant.
The agreed share exchange ratio stands at 25 equity shares of IHCL for every 117 equity shares of Oriental Hotels. This merger will be executed on an all-stock basis, aiming for completion in the latter half of fiscal year 2028. The scheme identifies April 1, 2027, as the Appointed Date for this merger.
This merger is anticipated to streamline operations and bolster competitiveness in the hotel industry by combining the strengths of both entities. As the deal moves forward, stakeholders are optimistic about the synergies and enhanced market presence the merger will bring about.
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