Luxury India hotel brands targeted by investor
India’s largest private firm, Reliance Industries, has bought a 14 per cent stake worth US$217 million in one of the country’s most luxurious hotel chains.
The giant conglomerate, headed by India’s richest man Mukesh Ambani, said its unit Reliance Industries Investment and Holding had acquired the stake in East India Hotels, which owns the Oberoi and Trident brands.
In November 2008, The Oberoi and adjoining Trident hotels in Mumbai were both attacked by terrorists.
Thirty-five people died at The Oberoi and Trident. The Trident reopened within a month while the more badly damaged Oberoi began receiving visitors again in April.
AFP said East India Hotels and the Indian Hotels Company Ltd, a unit of the giant Tata Group that operates the luxury Taj Mahal Palace and Tower hotel, which was also attacked, both saw profits plunge after the high-profile assault.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Euromonitor International unveils world’s top 100 city destinations for 2025
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
WTTC global tourism reached record economic impact of 11 trillion in 2025