Reliance MF ups stake to 8% in Indian Hotels
Reliance Mutual Fund has hiked stake in Tatas-run Indian Hotels to nearly 8 per cent, making the hospitality sector another key area with significant investments by the two Ambani groups. Elder Ambani sibling Mukesh-led Reliance Industries group is already a major investor in EIH Ltd, the main listed entity from Oberoi group that runs a chain of luxury hotels.