You are here: Home » News-IANS » Business-Economy
Business Standard

Novartis India MD Milan Paleja to step down on May 31

IANS  |  Mumbai 

Pharmaceutical major India on Wednesday said its will step down from the post on May 31, 2019.

The company said in a regulatory filing to the BSE that Paleja has decided to relinquish current standing in the company "for embracing challenges outside of Novartis".

"The Board requested the to identify and recommend a suitable successor for the role of of the company," it said.

Shares of India on Wednesday settled at Rs 741.65 apiece on the BSE, higher Rs 51.10 or 7.40 per cent from the previous close.

--IANS

rrb/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 21:24 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU