There's been a major board rejig in EIH Limited, part of the Oberoi Group. Reliance Industries owns around 14% in EIH, checked in with two board seats, Nita Ambani and Manoj Modi.
Nita Ambani, the better half of India's wealthiest man Mukesh Ambani, has joined the board of luxury hotel firm EIH today. Keeping her company on the board is Manoj Harjivandas Modi, a key Mukesh aide.
Reliance Industries, which has a 14% stake in EIH, has not declared any immediate plans of a strategic role in the firm but observers suggest that the non-executive post will further ramp up Mrs Ambani's public role and profile.
Reports quoted her as describing RILGet access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.