New Delhi, April 27 -- Shapoorji Pallonji Real Estate Pvt. Ltd (SPRE) has created a new leadership structure with two chief executive officers reporting to the company's managing director, two people aware of the matter said.

Sriram Mahadevan, managing director of SPRE's mid-income housing platform Joyville, will be CEO in addition to his current position. Sumit Sapru, SPRE's earlier business head, will also be CEO.

Venkatesh Gopalakrishnan, who was MD and CEO before the rearrangement, will now be managing director, SPRE, and director, group promoter's office. Both CEOs will report to him.

The restructuring comes ahead of an initial public offering that the 160-year-old infrastructure-to-energy conglomerate Shapoorji Pallonji Group is ...