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IHCL's board approved a Scheme of Arrangement to amalgamate Oriental Hotels Limited into the company. This consolidation aims to create operational and business synergies.
The Indian Hotels Company Limited has completed the acquisition of a 51% stake in Brij Hospitality Private Limited for ₹222 Crore. The transaction was executed alongside its subsidiaries, ANK Hotels and Pride Hospitality. This move strengthens IHCL's portfolio in the hospitality sector.
The Indian Hotels Company Limited (IHCL) completed the acquisition of a 51% stake in Brij Hospital Private Limited for ₹222 Crore. Brij has now become a subsidiary of IHCL. The investment was made through a combination of share purchases and primary investment in preference and equity shares.