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Govt reshuffles IL&FS board; Rajan becomes non-executive chairman

Nand Kishore, who was serving as an executive director, has been made the Managing Director, according to the company.

IL&FS
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The sprawling financial services group has 347 entities under it and resolution has taken place for 246 entities after the ministry-appointed board started the resolution process.

Press Trust of India New Delhi
The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the Non-Executive Chairman.
 
Nand Kishore, who was serving as an executive director, has been made the Managing Director, according to the company.
In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018.
 
The sprawling financial services group has 347 entities under it and resolution has taken place for 246 entities after the ministry-appointed board started the resolution process.
 
The term of noted banker Uday

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First Published: Sep 27 2022 | 5:23 PM IST

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