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Axis Capital MD & CEO Dharmesh Mehta quits

Press Trust of India  |  Mumbai 

Dharmesh has stepped down as the of Axis Capital to "pursue other interests", an official statement said Monday.

The of the third largest has elevated Salil Pitale and Chirag Negandhi as joint managing directors and officers, it said.

has reportedly put in a bid to acquire the broking and of and was asked to proceed on leave by

***************** Shriram bags 2 orders worth Rs 225.71 cr *

Engineering services firm Shriram Tuesday said it has secured two separate orders worth Rs 166.16 crore and Rs 59.55 crore from the Urban Infrastructure Development.

The scope of work of this order involves augmentation and strengthening of Dhanbad Water Supply Scheme - Phase 1 under and Water supply system for Khunti Nagar Panchayat(Jharkhand), a release said here.

******************* raises Rs 500 cr *

has raised Rs 500 crore in tier II capital through a private placement of bonds.

The money raised also includes Rs 200 crore in greenshoe option, an official statement said.

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

First Published: Tue, December 04 2018. 22:25 IST