Company History: YEAR EVENTS1983 - Oberoi Associated Hotels Ltd. was incorporated on 21st March as a public limited company in the state of Tamil Nadu and obtained Certificate of Commencement on 10th June. The Company was promoted by the Rane Group. - Pleasant Hotels Ltd. entered into a franchise agreement with Ramada (U.K.) Ltd. on 6th November 1984.
- The Company proposed to set up `Ramada Madras' a 5 star deluxe hotel adjacent to Chennai airport.
- Gherzi Eastern Ltd. a Mumbai based company was appointed to provide detailed architectural planning and designing of technical installations and utilities.
1987 - 25 00 000 shares issued at par out of which the following shares were reserved or preferential allotment. (i) 2 62 500 shares to employees (including Indian working directors)/workers of the Company (only 800 shares taken up) and (ii) 10 00 000 shares to non-resident Indians on repatriation basis (only 74 100 shares taken up). The balance 12 37 500 shares along with the unsubscribed portion of 11 87 600 shares out of the preferential quota were offered for public subscription during Jan.-Feb. 1987.
1989 - The name of the Company was changed from Pleasant Hotels Ltd. to Oberoi Associated Hotels Ltd. effective from 25th October.
1995 - 52 50 000 No. of equity shares of Rs 10 each at a prem. of Rs 24 per share allotted on rights basis in prop. of 1:1.
1996 - The name of the company has been changed to EIH Associated Hotels Ltd. with effect from 1st November.
1997 - The company has opened its deluxe hotel `Rajvilas' in Jaipur.
2001 - EIH Associated Hotels Ltd has acquired about 1.62 lakh sq ft of space at the Bandra-Kurla complex in Mumbai from the Mumbai Metropolitan Regional Development Authority for Rs 121 crore.
- EIH which owns and operates the Oberoi hotels has reduced its staff strength by 465 across its properties in Mumbai Delhi and Calcutta. With this cut the VRS scheme introduced in 1998-99 is now complete.
