eih limited

The Oberoi Group is consolidating its international operations under the group flagship EIH Ltd. It has decided to buy the stake of its joint venture partner Amex Investment Ltd of Hong Kong in its international hotel JV company EIH Holdings Ltd, based in British Virgin Islands.

The proposed changes to Sebi's takeover code lifted sentiments in a host of companies in which market players feel that the existing large shareholders could increase their stakes.

In a block deal of 57.4 lakh shares on the BSE on Monday, the cigarettes-to-hotels major ITC picked up another 1% in hospitality major EIH. With this, ITC has increased its holding in EIH to 16% and narrowed its gap with private sector giant Reliance Industries (RIL), which holds 18.5%.

KOLKATA: EIH Ltd is withdrawing the proposed preferential share issue. The counsels of the hotel major A Chinoy, Zia Mody and SB Mukherjee on Friday committed to withdraw the proposed resolution which evoked strong reactions among shareholders.

NEW DELHI: Mohan Singh Oberoi, the doyen of Indian hotel industry and founder-chairman of the Oberoi group of Hotels, died on Friday morning. Known as Rai Bahadur, he was acknowledged for putting the Indian hoteliering on world map. M S Oberoi: A life less ordinary Industry chambers condole M S Oberoi's death

The High Court of Himachal Pradesh has directed the Oberoi group and others to vacate the Wildflower Hall Hotel, part of a joint venture agreement, and hand it over to the Himachal Pradesh government. The court held that the non-applicants failed to comply with the terms of the award. Himachal Pradesh is now entitled to take possession of the hotel. The parties have been asked to appoint chartered accountants for the settlement of disputed accounts. The state government had sought possession of the property due to non-compliance with the arbitral award.

EIH Ltd, the parent company of Oberoi Hotels, reported record profits and revenue in the second quarter of 2024, driven by strong demand and expansion plans. The company plans to add 20 new properties by 2029, including hotels, luxury boats, and a Nile Cruiser, in India and abroad.

The Himachal Pradesh high court on Thursday dismissed an appeal filed by East India Hotels Limited, the flagship company of the Oberoi Group, against the Himachal government in the dispute over the ownership of luxury resort Wildflower Hall at Chharabra near Shimla.

Reliance Industries has partnered with Oberoi Hotels to jointly manage three properties in India and the UK. These include the Anant Vilas Hotel in Mumbai, the Stoke Park in the UK, and a planned project in Gujarat.

State govt owns the land, EIH paid for the building. Delay in starting operations gave state grounds to terminate JV and resume the property. A court battle started in 2002, and its endgame is playing out now

The Supreme Court has stayed a Punjab and Haryana High Court order that had ordered demolition of skyscrapers in Sector 30 of Gurgaon, which houses offices of 30 top IT companies.

New Delhi, Jun 8 () Indian refiners Indian Oil (IOC) and MRPL have made a second tranche payment using Germany-based EIH bank to help clear past oil dues to Iran.

KOLKATA: eih limited Chairman P R S Oberoi on Thursday said the company will introduce cruise boats in the backwaters of Kerala and also try their hands in private train travel.

New Delhi, Jun 29 () Essar Oil has paid USD 500 million to Iran via a new payment channel opened recently to clear one-fifth of its outstanding. Indian refiners are using Germany-based EIH bank to help clear past oil dues to Iran. Industry sources said Essar Oil, which owed about USD 2.

New Delhi, Jun 29 () Essar Oil has paid USD 500 million to Iran via a new payment channel opened recently to clear one-fifth of its outstanding. Indian refiners are using Germany-based EIH bank to help clear past oil dues to Iran. Industry sources said Essar Oil, which owed about USD 2.

The Nifty has seen a 1.75% increase since November 14, driven by speculation about the Federal Reserve halting rate hikes. The IT sector has gained approximately 6% in the past six trading sessions due to its revenue from the US. However, concerns have been raised about higher valuations in the mid-cap and small-cap sectors. Despite this, analysts believe there are still opportunities for gains in select smaller stocks. Companies like EIH, Cholamandalam Financial, and Zomato are expected to see returns between 15-29% following upward revisions in price targets.

A legal battle among PRS 'Biki' Oberoi's children has reached the Delhi high court, which issued an interim order to prevent share transfers in EIH and its holding companies. The dispute involves control over substantial holdings in EIH and a family villa, with allegations that some family members are obstructing the execution of PRS Oberoi's will.

The Oberoi Group has entered into a long-term “strategic alliance” with Mandarin Oriental Hotel Group to jointly collaborate across a range of initiatives while retaining each brand’s distinct heritage and identity.