"The Board at its meeting held on January 2, 2014 has appointed and recommended to FMC, Dr. Manoj Vaish as Managing Director & CEO of the company for a period of three years from the date of joining subject to approval of Forward Markets Commission and such other approvals as may be necessary," the company said in a release to the Bombay Stock Exchange.
The stock opened at Rs 485 and touched a high of Rs 510 so far on the Bombay Stock Exchange.
Over 1.2 million shares were traded on both the stock exchanges so far.
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