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Last Updated : Nov 01, 2011 08:47 AM IST | Source: CNBC-TV18

Nita Ambani board's EIH; New rule allows RIL in up stake

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.

  • bselive
  • nselive
Todays L/H

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 RIL

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First Published on Oct 31, 2011 06:19 pm
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