PRS Oberoi's legacy extends beyond the opulent hotels he led. His global education and a degree in Hotel Management from Lausanne, Switzerland, brought a unique perspective to India's hospitality industry.

In recent years, the Indian retail sector has witnessed a surge in the presence of Japanese brands such as Muji, Asics, and Shiseido, all outlining extensive expansion strategies for the Indian market. Despite the promising prospects, the challenge lies in the premium and prestige positioning of these Japanese brands. Experts point out that targeting the affluent and aspirational young professionals may pose a challenge, considering the price sensitivity of the Indian consumer.

Under the OFS, Federal Bank will offload 1.65 crore shares, and True North Fund VI LLP will divest 5.38 crore shares.

The results came after the close of the market hours. Shares of Grasim Industries Ltd ended at ₹1,922.00, down by ₹24.25, or 1.25%, on the BSE.