Click it and Unblock the Notifications
Just In
Don't Miss
-
Chacha Vidhayak Hain Humare 3 OTT Release Date & Platform: 5 Reasons To Watch Zakir Khan’s Show -
UPSC CAPF 2024 registration begins; Apply online for 506 Assistant Commandant posts, Know more -
Honeywell Trueno U5100 Review: Quality Audio Meets Comfortable Design at an Oh-So Reasonable Price -
Gujarat Targets Unauthorized White Headlights To Boost Road Safety -
103 Not Out: S Ramdas - 103-year-old CSK fan fondly called 'Senior Valiban' - aspires to meet MS Dhoni -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak -
Exclusive: On World Malaria Day 2024, Dr Shares Danger Signs Parents Must Watch Out For In Child With Malaria -
Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
RIL takes over 14.12 pc share in East India Hotels
"Reliance Industries has acquired from Oberoi Hotels Private Limited and certain other promoters shares in EIH Limited representing 14.12 percent of EIH at a total cost of Rs.1,021 crore approximately," said Ambani on Monday, Aug 30.
The company made the acquisition through its wholly owned subsidiary, Reliance Industries Investment and Holding Private Limited.
RIL informed that it would support the current management of EIH and would not demand any operational control.
The company official said, "RIL's investment in EIH has been made as the Oberoi family had developed the 'Oberoi Hotels' brand into a premier international brand in the luxury hospitality sector and as a result EIH Limited has excellent future prospects.
EIH, at present, has 32 properties globally. Of these, 22 are in India. Of the 22, 11 are under the Oberoi brand, nine are under the Trident brand and two are unbranded.
OneIndia News
