Business Standard

Sudhir Valia steps down from executive role at Sun Pharma

Image

Press Trust of India New Delhi
Sudhir Valia, brother-in-law of Sun Pharma's Managing Director Dilip Shanghvi, has stepped down from the position of whole-time director but will continue as non-executive director of the company, a regulatory filing said.
The pharma major in a filing on Tuesday said Valia will step down from the position of the company's whole-time director to non-executive, non-independent director from May 29, 2019.
Asked for the reasons for Valia shifting to a non-executive role, a Sun Pharma spokesperson said: "As his personal businesses are increasingly taking more of his time, he has decided to give up the role of a whole-time director in the company."

Earlier in January 2019, Sun Pharma had said that it had not given any loans nor guarantees to Suraksha Realty, a company in which Valia is one of the promoters.
Shares of Sun Pharmaceutical Industries closed at Rs 422.85 apiece on BSE, up 2.41 per cent.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 29 2019 | 6:45 PM IST

Explore News