The Himachal Pradesh High Court granted EIH Ltd, the flagship company of the Oberoi Group, time to file its rejoinder to the reply filed by the state government in a dispute over the historic Wildflower Hall luxury hotel in Shimla.
In 1995, The Oberoi Group converted the property spread over 77,000 square meters into a five-star hotel after signing an agreement with the Himachal Pradesh state government through a joint venture called Mashobra Resort (MRL). Under the arrangement, the state government got shares that translated into a stake in the venture. As per its annual 2022-2023 report, EIH holds 78.79% shares in MRL, and the ownership interest held by non-controlling interests is listed as 21.21%.
In the run up to the Assembly polls in the BJP-ruled Himachal Pradesh, Prime Minister Narendra Modi will be formally inaugurating the 180 megawatts (MW) Bajoli Holi hydropower project on Thursday that has been facing dissent from the Gaddi .