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IFC nominee on Religare board resigns

Monish Kant Dutt was part of the company's RPT subcommittee

Religare
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Religare

N Sundaresha Subramanian New Delhi
A nominee director of International Finance Corporation (IFC), one of the largest institutional investors in financial services firm Religare Enterprises, stepped down on Monday.
 
Monish Kant Dutt, a UK-based chartered accountant and consultant, has tendered his resignation, Religare told the bourses without explaining the reasons for the decision.
 
The World Bank group institution had a 7.19 per cent stake in Religare as of March 31.
 
“We would like to inform you that Mr. Monish Kant Dutt, Nominee Director of International Finance Corporation (IFC) has tendered his resignation from the directorship of the Company with effect from April