However, Oberoi faced a takeover threat in 2010 after -based ITC bought around 15 per cent stake in EIH Ltd. He then brought in Mukesh Ambani’s Reliance Industries as a white knight by offering an equity stake in August 2010.

Source: https://indianexpress.com/article/business/companies/prs-oberoi-death-indian-hospitality-doyen-9025908/

However, the reports fizzled when there were pictures of Priyanka Chopra hugging and partying with Karan Johar and others at Ambani’s NMAAC event.

Source: https://www.koimoi.com/bollywood-news/priyanka-chopra-finally-breaks-silence-on-jee-le-zara-with-alia-bhatt-katrina-kaif-its-current-status-says-all-three-of-us/

Mukesh Ambani’s Reliance Jio and Sunil Mittal’s Bharti Airtel command the lion’s share in the country.

Source: https://techcrunch.com/2023/02/03/india-orders-vodafone-idea-to-convert-government-dues-into-2-billion-equity/