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
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

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