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Piramal Healthcare gets nod for appt of Nandini Piramal as ED

Press Trust of India  |  Mumbai 

today said its have approved the appointment of Nandini Piramal, daughter of Chairman Ajay Piramal, as the Executive Director on the board of the pharma company.     

The have approved the appointment of Piramal as Executive Director thereby increasing the strength of the board to 10, from the existing nine, said in a filing to the Bombay Stock Exchange.     

Prior to this appointment, Piramal was managing the company's overseas operations, which includes the UK and Canada.     

Piramal holds a 1.84 per cent stake in while her parents Ajay and Swati Piramal, both promoters of the firm, holds 0.18 and 0.21 per cent, respectively.     

Further, the have also approved the increasing of borrowing powers of the company to Rs 1,500 crore and the re-appointment of Price Waterhouse as the auditors of the company.     

Besides, Keki Dadiseth and S Ramadorai have been reappointed as directors of the company.

First Published: Mon, June 22 2009. 15:35 IST