Indian Hotels Company (IHCL) has approved a Scheme of Arrangement to merge Oriental Hotels (OHL) with IHCL, subject to statutory approvals and clearances.
The merger, approved by the boards of both companies, will bring OHL’s seven hotels operating under the Taj brand under IHCL’s direct ownership. The portfolio includes iconic properties such as Taj Coromandel in Chennai, Taj Fisherman’s Cove Resort & Spa near Chennai and Taj Malabar Resort & Spa in Cochin.
The move is part of IHCL’s Accelerate 2030 strategy, aimed at simplifying the group’s corporate structure, improving operational efficiency and unlocking greater value from OHL’s portfolio.
Puneet Chhatwal, Managing Director and CEO, IHCL, said, “The merger will enable us to use our strong balance sheet to support strategic investments, including expanding room inventory and upgrading existing products, further strengthening the premium positioning of the portfolio.”
It is also expected to streamline governance, optimise overheads, and enhance operational efficiency while creating two new operating subsidiaries. IHCL said the simplified structure will strengthen its ability to invest in its premium hospitality portfolio and support long-term growth.
