At meeting held on 17 July 2019
The Board of Directors of CARE Ratings at its meeting held on 17 July 2019 decided pending the completion of the examination of anonymous complaint received by the Securities and Exchange Board of India (SEBI) and forwarded to CARE Ratings, to place Rajesh Mokashi, Managing Director & CEO of CARE, on leave, with immediate effect, until further notice.The Board of directors of CARE has decided to appoint T.N. Arun Kumar, currently Executive Director (Ratings) as Interim Chief Executive Officer (CEO) of the company. He will not be part of Rating Operations to ensure independence of ratings.
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