New Delhi, Oct 24 (PTI) ITC Ltd, currently in the process of demerging its hotels business, on Thursday said its board has approved consolidation of its shareholding in rival hospitality chains Oberoi and Leela by acquiring shares from a wholly-owned arm, Russell Credit Ltd. The board approved the acquisition of 1.52 crore equity shares of Rs 2 each of EIH Ltd (EIH) and 34.
60 lakh equity shares of Rs 2 each of HLV Ltd (HLV), from Russell Credit Ltd (RCL), a wholly-owned subsidiary of the company, at their respective book value, ITC said in a regulatory filing. Dimple Kapadia Refuses To Pose With Daughter Twinkle Khanna at 2024 MAMI Film Festival, Says ‘I Don’t Pose With Juniors’ New Delhi, Oct 24 (PTI) ITC Ltd, currently in the process of demerging its hotels business, on Thursday said its board has approved consolidation of its shareholding in rival hospitality chains Oberoi and Leela by acquiring shares from a wholly-owned arm, Russell Credit Ltd. The board approved the acquisition of 1.
52 crore equity shares of Rs 2 each of EIH Ltd (EIH) and 34.60 lakh equity shares of Rs 2 each of HLV Ltd (HLV), from Russell Credit Ltd (RCL), a wholly-owned subsidiary of the company, at their respective book value, ITC said in a regulatory filing. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for October 24, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.
EIH Ltd owns and operates hospitality properties under brands, including Ob.
