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User_gary Posted 16 years ago
Grammar
Checked into, saviour of the hotel chain's founders, camel in the tent, open-offer trigger
India's richest man, Mukesh Ambani, checked into the Oberoi (hotel)on Monday.
As a saviour of the hotel chain's founders or as a camel in the tent? Looks like the former, say experts.
On the face of it, the Reliance Industry (RIL) move on Monday to buy 14.12% stake in East India Hotels, promoted by the Oberois, by paying Rs1,021 crore, looks like helping the founders establish a detente, because ITC, the tobacco-to-hotels giant that's also a business rival, holds 14.98% stake, perilously close to the open-offer trigger, in the company.
Please explain to me the emboldened parts.
Though I know generally "check into" means "to introduce yourself at the reception desk in a hotel", and "saviour" means "a person/god/things which saves/helps others"
Source : DNA newspaper
As a saviour of the hotel chain's founders or as a camel in the tent? Looks like the former, say experts.
On the face of it, the Reliance Industry (RIL) move on Monday to buy 14.12% stake in East India Hotels, promoted by the Oberois, by paying Rs1,021 crore, looks like helping the founders establish a detente, because ITC, the tobacco-to-hotels giant that's also a business rival, holds 14.98% stake, perilously close to the open-offer trigger, in the company.
Please explain to me the emboldened parts.
Though I know generally "check into" means "to introduce yourself at the reception desk in a hotel", and "saviour" means "a person/god/things which saves/helps others"
Source : DNA newspaper
Top answer
I take "checked into the hotel" in the conventional way, as you have described. The founders of the chain are apparently in financial trouble and may lose it to a "hostile takeover," or at least, that's my guess. So perhaps this rich man has come to bail them out (their savior).
- I take "checked into the hotel" in the conventional way, as you have described.
- The founders of the chain are apparently in financial trouble and may lose it to a "hostile takeover," or at least, that's my guess.
- So perhaps this rich man has come to bail them out (their savior).
- "A camel in the tent" means he's there to cause trouble.
- The situation is urgent because a competitor already owns a large share in their company - almost enough to take them over .
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1 Answers
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I take "checked into the hotel" in the conventional way, as you have described.
The founders of the chain are apparently in financial trouble and may lose it to a "hostile takeover," or at least, that's my guess.
So perhaps this rich man has come to bail them out (their savior).
"A camel in the tent" means he's there to cause trouble.
The situation is urgent be
The founders of the chain are apparently in financial trouble and may lose it to a "hostile takeover," or at least, that's my guess.
So perhaps this rich man has come to bail them out (their savior).
"A camel in the tent" means he's there to cause trouble.
The situation is urgent be
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