http://www.financialexpress.com/news/reliance-buys-14.12-stake-in-eih/674485/
Mukesh Ambani-led Reliance Industries today said it has acquired 14.12 per cent stake in EIH, that runs the Oberoi brand of hotels and resorts, for Rs 1,021 crore.
"RIL's investment in EIH Limited has been made as the Oberoi family had developed the 'Oberoi Hotels' brand into a premier international brand in the luxury hospitality sector and as a result EIH Limited has excellent future prospects," the statement said.
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Oberoi hotels has been awarded among the best luxury hotels in the world.I guess, it would make a long term profit for them to enter into hotel industry which is still nascent in India....
