Elder Ambani sibling Mukesh-led Reliance Industries group is already a major investor in EIH Ltd, the main listed entity from Oberoi group that runs a chain of luxury hotels.
While RIL group firm Reliance Industrial Investments And Holdings Ltd owns a 18.53 per cent stake in EIH Ltd, a small 2.12 per cent stake is also held in the company as a financial investment by Reliance Mutual Fund, which is part of younger Ambani sibling Anil-led Reliance Group.
As per the latest available shareholding pattern of Indian Hotels on the BSE website, Reliance MF held 5.42 per cent stake in the company through two separate funds as on September 30, 2015. The total stake of the fund house has now reached near 8 per cent which is a financial investment made by a mutual fund, sources added.
Other major investors in the company include LIC, Franklin Templeton, as also multiple insurers such as General Insurance Corporation of India, New India Assurance and ICICI Prudential Life Insurance.
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ITC continues to hold 14.98 per cent stake in EIH Ltd.
Lately, the two Reliance groups have been bolstering their positions in their respective businesses. Some of the common sectors where both the groups have significant exposure include telecom, media and defence.
The launch of Reliance Jio by RIL group this weekend saw a family reunion of sorts for the two billionaire brothers as the event was also attended by Anil Ambani, his wife Tina Ambani and sons Anmol and Anshul.
The two brothers have already come together for sharing of mobile airwaves or spectrum as well as infrastructure like mobile towers and masts.
Jio has also partnered Reliance Communications, India's fourth-biggest mobile phone carrier, for sharing of mobile masts and leasing of optic fibre network.
The partnership brought together the once-feuding Ambani brothers who had gone separate ways a few years after death of their father Dhirubhai Ambani in 2002. The erstwhile Reliance empire was split between the two in 2005.
Reliance Communications will also enter into a pact with Jio for trading and sharing of 4G mobile radiowaves.