EIH said it would issue rights shares, sparking speculation that the promoters as well as the Mukesh Ambani-controlled Reliance group, which recently bought over 14.8% in the company, could buy unsubscribed portion of the issue to raise their holdings. The announcement comes in the backdrop of Reliance Industries acquiring 14.12 per cent stake in EIH for about Rs 1,021 crore last month, and then increasing it to 14.80 per cent two day later, through purchase of shares in off-market transaction.
Also, Mr Analjit Singh, founder and Chairman of Max India, is looking to exit his stake in EIH. Mr Singh in his personal capacity holds 4 per cent stake in the hospitality companycrackcrack| Company Name | CMP |
|---|---|
| Indian Hotel | 659.55 |
| ITC Hotels | 162.45 |
| EIH | 321.55 |
| Chalet Hotels | 778.90 |
| Mahindra Holi.&Resor | 272.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: