Reliance Industries announced Today that it has acquired 14.1% stake in EIH Ltd for Rs 1021 crore.

The Oberoi Group, founded in 1934, operates 28 hotels and three cruisers in five countries under the luxury ‘Oberoi’ and five-star ‘Trident’ brands.

The Group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.

The Stake Purchase is made through RIL’s wholly-owned subsidiary Reliance Industries Investment and Holding Private Limited.