Reliance is planning to increase their stakes in EIH by sending the feelers to ITC as they are ready to buy the ITC’s part or entire 16.13% stakes of EIH without the PRS Oberoi’s blessing as the EIH are under the Oberoi Group. But Reliance denies to accept the message and states that they have no plans to increase stake in EIH and ITC have ignored all the questions asked by the ET Now. Even the Oberoi Group denies commenting on the market speculations.
We ask- ITC to check out of Oberoi Hotels?
To know more watch the video!
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