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Moneylife Digital Team 23 September 2010

Given its DNA, it’s difficult to visualise RIL remaining a silent partner in EIH

Reliance Industries Ltd (RIL) has booked its rooms in the hospitality business, buying a significant 14.12% stake in EIH Ltd, the Oberoi group company, for Rs1,021 crore. RIL paid a hefty 22% premium through its subsidiary Reliance Industries and Holding Pvt Ltd to purchase the shares from Prithvi Raj Singh Oberoi,...

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