IHCL Moves to Absorb Oriental Hotels in Structural Overhaul
Indian Hotels Company, the parent of the Taj brand, has announced plans to merge Oriental Hotels into itself, a move that consolidates existing holdings rather than adding new properties. Oriental Hotels operates seven hotels, including freehold properties in Chennai and Coonoor, and leased ones in Kochi, Madurai, Mangalore, and Coimbatore. The merger aims to simplify corporate structure and position the group for future expansion, according to the company's stock exchange filing.
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Original headline: “Why Taj-Parent IHCL Wants Full Control of Oriental Hotels.” Browse more stories.