EIH rights issue key to Ambani’s game plan

Kannan Ramaswamy, the William D. Hacker Chair Professor of Management at US-based Thunderbird School of Global Management, is not surprised by RIL’s move into the hospitality sector but has many questions.
“Historically, Reliance in their annual general meetings (AGMs) has been very clear on how they are going to roll out their growth and diversification strategies..,” he said.
“At the last AGM, Mukesh did mention about doubling the enterprise value of the group, but there was hardly any detail on how the group will go about it. There was some reference to retail and telecom but...the meeting was surprisingly short on details. Although the quest for growth remains as strong as ever, the plans have still not crystallized,” he says.