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Indian Hotels Company
Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said Oriental Hotels Ltd will be merged with IHCL through an all-stock transaction. The Boards of Oriental Hotels and IHCL have approved a Scheme of Arrangement to this effect. The Scheme of Arrangement proposes a share swap ratio of 25 IHCL shares for every 117 OHL shares, and aims to complete the transaction in the second half of FY2028. "In line with our Accelerate 2030 strategy of creating value, simplifying the group's holding structure and unlocking the full potential of OHL portfolio including iconic assets like Taj Coromandel, Chennai, Taj Fisherman's Cove Resort & Spa, Chennai and Taj Malabar Resort & Spa, Cochin, the Boards of IHCL and OHL have today approved this merger," Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said. Oriental Hotels is an associate company of IHCL. The company has a portfolio of seven hotels with 825 rooms. This includes freehold assets: Taj Coromandel - ...
Tata Group-owned Indian Hotels Company Ltd (IHCL) and IPO-bound Prism -- the parent of travel-tech unicorn OYO -- are the only hospitality companies to feature among the top-10 firms in the 2026 GROHE-Hurun India Real Estate 150 list, with Prism more than doubling its valuation, growing 107 per cent to Rs 67,200 crore. The report's findings reflect the hospitality sector's growing heft as it emerged as one of only two segments to register growth, apart from retail. "Prism (OYO), founded and led by Ritesh Agarwal, is the standout hospitality story of the year and the second-largest gainer in absolute terms, adding Rs 34,700 crore to reach Rs 67,200 crore, surging 107 per cent in value, climbing six places to 5th and entering the top 10," the report highlighted. Highlighting the shift in the sector, the report said hospitality has evolved from being a "footnote" a decade ago to becoming the second-largest segment by company count after residential. The list now has 24 hospitality ...
Tata Group-owned Indian Hotels Company Ltd (IHCL) Managing Director and CEO Puneet Chhatwal's remuneration increased nearly 9 per cent to Rs 25 crore in FY26, according to the company's latest annual report. Chhatwal received Rs 25 crore during the financial year ended March 31, 2026, compared with Rs 23 crore in FY25. The ratio of the IHCL MD and CEO's remuneration to the median remuneration of IHCL employees increased to 521.7 in FY26 from 506.1 in the previous financial year. The percentage increase in the median remuneration of employees during FY26 stood at 5.5 per cent, as per the annual report. It was 4.7 per cent during the previous financial year (FY25). During FY26, Chhatwal's remuneration package comprised Rs 14.21 crore as salary including an additional performance bonus, besides Rs 4.84 crore towards benefits, perquisites and allowances, and Rs 5.95 crore as commission. The company said the figures exclude provisions for leave encashment, gratuity and group health ...
Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday reported a 14.71 per cent year-on-year (YoY) rise in its consolidated net profit for the fourth quarter ended March at Rs 645.43 crore. The country's largest hospitality player had a net profit of Rs 562.66 crore a year ago, a regulatory filing showed. Its Revenue from Operations increased to Rs 2,765.29 crore during the fourth quarter of FY 2025-26, from Rs 2,425.14 crore in the same period of the preceding fiscal. However, the company's total expenses also rose to Rs 2,014.91 crore in the quarter under review from Rs 1,764.26 crore in Q4FY25. The Board of Directors of the company also recommended a dividend of Rs 3.25 per share, subject to the approval of the members at the ensuing Annual General Meeting. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL, said, "IHCL Consolidated clocked a double-digit revenue growth this fiscal, reflective of a broad-based performance - led by RevPAR growth of 9