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Showing posts from September 22, 2010

EIH rights offer may help RIL raise stake

MUMBAI: EIH , owner of the Oberoi and the Trident hotel chains 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.