Abbott India has informed that the Board at its Meeting held on September 29, 2016 approved the appointment of Ambati Venu as the Additional Director on the Board and as the Managing Director of the Company for a term of 5 years effective September 29, 2016, subject to approval from the Central Government and the Shareholders of the Company. Ambati does not hold any shares in the Company and also not related to any of the Board Directors of the Company.
The above information is a part of company’s filings submitted to BSE.
