At the press conference after EIH Ltd’s 59th AGM, chairman & CEO PRS Oberoi said ITC hadn’t “approached us” with any takeover proposal. YC Deveshwar, chairman of ITC, which has a 14.98% stake in EIH, during the company AGM on July 24 had said that he was open to collaborating with other hotel chains but ruled out a hostile takeover. “Everything depends on the proposal? and we haven’t got any,” said Oberoi.