The Oberoi Group: Difference between revisions

The Oberoi Family headed by its patriarch, Oberoi is the majority shareholder in EIH Ltd with 32.11% stake. Cigarettes to Hotels conglomerate, [[ITC Limited]] owns approximately 14.98% stake in EIH Ltd. To ward off pressures from ITC Ltd. whose ownership stands precariously close to the automatic open offer trigger at 15%, the Oberoi family divested 14.12% stake in EIH Ltd. to [[Mukesh Ambani]] led Reliance Industries Investment and Holding Pvt Ltd. The stake sale happened on August 30, 2010 for Rs. 1,021 crores valuing EIH Ltd. at an [[enterprise value]] of Rs. 7,200 crores. Recently the stake of reliance further raised from itc and it stood at 20% overall for Reliance industries