Ownership
The Oberoi Family headed by its patriarch, Mr. P.R.S. 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 cores 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
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