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Mahindra Lifespace tumbles 8% after MD & CEO tenders resignation

The Mahindra Group has appointed Amit Kumar Sinha as the new MD & CEO from May 23, 2023

Mahindra Lifespaces
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Mahindra Lifespaces

SI Reporter Mumbai
Shares of Mahindra Lifespace Developers (MLDL) dropped 8 per cent to Rs 349.50 in Friday’s intra-day trade, after the company announced resignation of its current Managing Director and Chief Executive Officer (MD & CEO), Arvind Subramanian, with effect from May 22, 2023. Arvind Subramanian has been heading the company's operations since May 2020.

In his place, the Mahindra Group has appointed Amit Kumar Sinha as the new MD & CEO from May 23, 2023. He has already been working with the Mahindra Group as President, Group Strategy since April 2021 and has over 18 years experience. Earlier, he was

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First Published: Feb 24 2023 | 9:55 AM IST

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