With the passing of P.R.S. Oberoi, it’s not succession but the possibility of Reliance increasing its already sizeable stake in EIH that’s a worry.
It’s been just about two months since the death of P.R.S. Oberoi. His family and Oberoi Hotels and Resorts, the luxury hospitality chain he built to global repute, are still picking up the threads.
The family—which includes his nephew Arjun Singh Oberoi and son Vikramjit Singh Oberoi—is working on the shareholding changes necessitated by the passing away of the patriarch, says a senior executive from the industry. “Mr Oberoi’s sister, his daughters, they hold stakes. Who gets what, and who supports whom is important as it will decide the voting rights. This needs to be seen. The process has just …
Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.
Managing Editor
prince@mailtmc.com
Mumbai