ITC increases stake in EIH
ITC has not given up hopes in acquiring EIH stated a prominent news media after ITC announced that it has bought an additional one percent stake in EIH for Rs 42 crore through open market transactions through its subsidiary Russel Credit.
13 Sep 2012 | 2872 Views | By Supreeth Sudhakaran
At the end of Q3, ITC had held 14.98 percent stake in EIH, while Mukesh Ambani-led Reliance Industries Investment held 35.23 per cent stake.
EIH Press, the printing unit of the EIH Group, was established in 1974. Till 1995, the EIH Printing Press was an in-house facility, expanding steadily as the needs of the Oberoi Group increased with time. The organisation began offering its services to external customers in 1996. As part of a well-planned growth strategy,
The pre-press process at EIH Press is equipped with high-end equipment and software like a 23x21inch drum scanners - SG8060 Mark II from Dainippon with a resolution 12,000dpi, Esko imagesetter BG 3800 imagesetter, CDI flexo CTP, PD8 offset CTP, XE10 Kongsberg cutting table, commercial SW workflow, packaging SW workflow with Backstage and Flexrip and colour management software. In its pressroom, it houses five and four colour Heidelberg offset printing press, five colour Concept web offset printing machine from Muller Martini, four color web offset printing machine from Multitech, and single and double colour presses from Dominant.
The post-press too has a raft of machines which include Polar cutting machines, envelope-making machine with two colour printing from Winkeler, a saddle stitcher from Muller Martini and Horauff perfect binders.