EIH Gains in Mumbai After Report Says It May Merge With ITC's Hotel Unit

EIH Ltd. gained in Mumbai trading after the Financial Express reported it may combine with ITC Ltd.’s hotel business.

ITC isn’t planning a venture to merge its hotel operations with EIH, ITC spokesman Nazeeb Arif said in a phone interview today.

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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