Vineet Nayyar to exit IL&FS Group’s board

Vineet Nayyar  

The board of IL&FS Group has announced the resignation of Vineet Nayyar as the executive vice chairman of IL&FS Group.

“The board, in its meeting held on Monday, accepted Mr. Nayyar’s resignation with effect from October 31, 2020, and granted him leave till then, on medical grounds,” IL&FS Group said in a statement.

In the interim, C.S. Rajan, MD, IL&FS, has been asked to discharge Mr. Nayyar’s responsibilities and, in consultation with senior management, put in place a revised organisational structure. Mr. Nayyar was appointed on October 4, 2018 in the first meeting held by the new board immediately after its constitution by the Ministry of Corporate Affairs.

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Printable version | Dec 5, 2020 6:01:19 AM |

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