East India Hotels Ltd, the company that runs the Oberoi chain of hotels and manages the Trident in India, has appointed Nita Ambani, the wife of Mukesh Ambani as an Additional Director on its board of directors.

The company has also appointed Mukesh Ambani's close aide Manoj Modi on its board as an Additional Director. P R S Oberoi-led EIH had brought in Ambani's Reliance Industries Limited (RIL) to save itself form a hostile takeover by ITC. RIL had saved the company by picking up 14.12% stake in EIH for a little over Rs. 1000 crore.

According to industry watchers, Reliance is keen on remaining a strategic investor in the company and will not look to increase its stake unless a move is made by rival ITC. Nita Ambani has been involved in businesses; she is the founder-chairperson of the Dhiruhai Ambani International School and co-owns the Mumbai Indians cricket team.

"We have invited them to be a part of the board. But the management structure of the company remains the same, as she is in a non-executive director capacity. Even Reliance stake remains the same," a spokesperson at EIH said.

Following the announcement of the appointments, the shares of the company rose 5% before closing 2.94 per cent on the Bombay Stock Exchange on Monday.