Cigarettes-to-hotels major ITC has raised its stake in Hotel Leela Ventures to 10% through open market purchases, from 8.5% as of March 2010.
A disclosure by Hotel Leela on BSE website said that the Kolkata-headquartered company has increased its stake in the company through Russell Credit, its fully owned investment arm.
Regulatory disclosures to the BSE showed that since the quarter ended December 2008, ITC has been raising its stake in Hotel Leela, mostly through Russell Credit.
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