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events planning .Hospitality Industry ‡ It consists of service industry that includes lodging. restaurants. cruise line and additional fields within the tourism industry ‡ It covers a wide range of organizations offering food service and accommodation . transportation. theme parks.

‡ The hospitality industry is divided into sectors according to the skill-sets required for the work. Involved Sectors include Accommodation food and beverage meeting and events gaming entertainment and recreation tourism services visitor information .

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restaurant.East Indian Hotels ‡ Mohan Singh Oberoi established East Indian Hotels in 1949 ‡ It is the flagship company ‡ The second largest chain of hotels in India ‡ The company is in luxury hotels. management contracts and travel and tours business ‡ The group owns and/or manages 32 hotels .

situated in two continents (Asia and Africa).‡ A luxury backwater cruiser in Kerala and Oberoi Flight Services ‡ A division of EIH that provides commercial in-flight catering and operates airport lounges and restaurants ‡ In January 2004. the company signed an agreement with Hilton International to co-brand it. ‡ It has branches in five countries. the company started to manage Trident Hilton in Gurgaon and in March. .

Reliance Industries Limited ‡ Reliance was founded by the Indian industrialist Dhirubhai Ambani in 1966 ‡ RIL is India's largest private sector conglomerate company by market value ‡ the company's oil-related operations form the core of its business ‡ An annual turnover of US $ 44.6 billion and profit of US $ 3.6 billion for the fiscal year ending in March 2010 .

EFFECT OF DEAL .

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Effect Of The Deal EIH shares closed up 11.70 rupees.5 percent at 150. Reliance stock ended 0.75 rupees .2 percent lower at 947.

Financials ‡ A wholly owned subsidiary of Reliance Industries Ltd (RIL) has acquired 14.5 million shares in the company for 10.021 crore in EIH Ltd ‡ EIH sold 55.12 per cent stake for an estimated Rs 1. That equates to 184 rupees a share.2 billion rupees. a premium of 36 percent to Friday's (27th August) closing price .

1 percent stake in EIH. could mean the company was not keen to take management control of the hotel chain ‡ The share sale to RIL values EIH at around Rs 2.4 crore per room . just shy of the 15 percent level that triggers a mandatory open offer to buy an additional 20 percent.‡ Reliance's 14.

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