Mumbai: Adani Enterprises Ltd on Wednesday said it has appointed Pranav Adani as additional director, two months after reorganizing the company’s business structure.

Currently managing director of edible oil maker Adani Wilmar Ltd, Pranav Adani is nephew of group founder and chairman Gautam Adani.

In its filing to BSE, Adani Enterprises, the holding company of the $9.4 billion Adani Group, said the appointment will be effective from 31 March.

It has also named Dharmishta Rawal as an additional director (non-executive and independent).

On 31 January, Adani Enterprises had outlined plans for a major business reorganization aimed at unravelling its corporate structure and unlocking shareholder value.

The group intends to move away from the holding company structure and move towards one in which it will have four independent listed entities for its four major business segments.

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