Oriental Hotels Surges 6% as Indian Hotels Announces 25:1 Share Swap Merger
Oriental Hotels shares surged 6% after Indian Hotels announced a merger offering 25 Indian Hotels shares per Oriental Hotels share
Key points
- Oriental Hotels jumps 6% on Indian Hotels merger announcement offering 25:1 share swap ratio
- Indian Hotels Taj group simplifies listed entity structure through Oriental Hotels amalgamation
- Merger arbitrage opportunity as Oriental Hotels trades at discount to implied 25x Indian Hotels value
What’s your take on this? Join the discussion below.
Read the full analysis on market.news
🇮🇳 India Stocks Finance india-hospitality mergers-acquisitions taj-hotels indian-hotels