ITC ups stake in Oberoi Group & Leela Mumbai ahead of hotel arms Jan 1 demerger

ITC bought more shares of EIH, the parent company of Oberoi Hotels. ITC’s stake in EIH is now 16.13%. ITC also increased its stake in HLV Ltd, owner of The Leela Mumbai, to 8.11%. This happened before ITC Hotels separated from the main ITC group on January 1, 2025. ITC purchased the shares from its subsidiary, Russell Credit Ltd.