In its letter to Hotel Leelaventure, Sebi said it has received representations from ITC, which has moved the National Company Law Tribunal (NCLT) against Hotel Leelaventure alleging “oppression and mismanagement”.
The company said the capital infusion will help it continue investments in future roll-outs to build large network capacity and create content and technology partnerships to ensure the strong customer experience.
Munoz is the latest foreign executive to be brought in to a South Korean automaker dominated by lifelong loyalists, as heir-apparent Euisun Chung strengthens control of the conglomerate chaired by his aging father.
Revenue increased by 19.4 per cent to Rs 154,110 crore from Rs 129,120 crore in the same period of last year. However, on a standalone basis, RIL’s net profit was down 1.6 per cent at Rs 8,556 crore in the fourth quarter.