Reliance Industries Ltd. (RIL) has increased its stake in hospitality firm EIH to 18.53 per cent by picking up additional 2.13 crore shares worth Rs.192 crore through an open market transaction.
RIL subsidiary Reliance Industries Investment and Holding Pvt. Ltd. purchased 2.13 crore shares of EIH (accounting for 3.73 per cent stake) for Rs.90 apiece, valuing the deal at Rs.191.83 crore, according to information available with the stock exchanges. As of December quarter, Reliance Industries Investment and Holding Pvt. Ltd. held 14.8 per cent stake in EIH.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.