We are not interested in hostile takeover: YC Deveshwar
BS Reporter / Kolkata Jul 24, 2009, 15:27 IST
ITC was not trying to increase its stake in EIH, the Oberoi Group flagship company, said YC Deveshwar, chairman, ITC, at the annual general meeting of the company in Kolkata on Friday.
“We are not interested in a hostile takeover," said Deveshwar. ITC is also not looking at launching new brand in the near future, and is also delaying the launch of its hotel project in Bangalore.