Kolkata, Oct 7 (Calcutta Tube) Hotels-to-cigarettes conglomerate ITC would take a call on participating in the planned rights issue of EIH when the offer comes, a top official said here Wednesday.
‘We will take a call when the (rights issue) offer comes,’ Chairman Y.C. Deveshwar told reporters on the sidelines of CII national council meeting.
EIH, which operates Oberoi Hotels & Resorts and Trident Hotels, is expected to issue rights shares to raise up to a Rs.1,300-crore.
ITC currently holds 14.98 percent in EIH. Reliance Industries picked up an equal stake in EIH last month.