Indian Hotels Board Approves Amalgamation of Oriental Hotels with 25:117 Share Swap Ratio
The Indian Hotels Company Limited board has approved a Scheme of Arrangement to amalgamate its associate company, Oriental Hotels Limited, into itself. The move aims to consolidate the hospitality portfolio, unlock operational synergies, and simplify the group's corporate structure.
Oriental Hotels Ltd Board Approves Amalgamation with Indian Hotels Company Limited
Oriental Hotels Limited has announced a board-approved scheme of amalgamation with its promoter entity, The Indian Hotels Company Limited. The transaction involves a share-swap arrangement aimed at consolidating hospitality assets and leveraging the operational synergies of the larger Taj group network.
MPS Limited Shareholders Meet to Approve Amalgamation with ADI BPO Services
MPS Limited held a court-convened meeting of its equity shareholders to deliberate on the Scheme of Amalgamation with its holding company, ADI BPO Services Limited. This merger aims to consolidate operations and drive administrative efficiencies within the publishing and BPO segments.