A very well known financial newspaper had reported recently that EIH Chairman has informed that the company is in talks with various investors to sell its stakes, but nothing has been finalized as yet.

However, on Friday EIH denied any such announcement and labeled the newspaper’s report as “false”. In a statement issued by the company to stock exchange, it was said, “The Company is not in discussion with leading corporate houses and private equity firms to divest a strategic stake.”

EIH even claimed that the news published by the newspaper is absolutely baseless, untrue and mischievous.

The company owns Oberoi and Trident group of hotels. Beside all this, the newspaper also reported that Reliance Industries is the most keen to buy stakes. However, Oberoi denied it.