ITC Approves Share Acquisition In Oberoi And Leela Amid Hotel Business Demerger
The step has been taken to consolidate the shareholding of EIH and HLV under the company, ITC said in a regulatory filing. Post such acquisition, ‘the total shareholding of ITC in EIH and HLV would be 16.13% and 8.11%, respectively’. ITC currently holds 13.69% in EIH while RCL holds a 2.44% stake. In HLV Ltd, ITC holds a 7.58% stake.
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