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Religare Enterprises informs about outcome of board meeting

11 Dec 2019 Evaluate

Religare Enterprises has informed that the Board of Directors of the Company at its meeting held on December 10, 2019 has approved the re-designation of Dr. Rashmi Saluja (presently designated as Non-Executive Independent Chairperson) as Executive Chairperson of the Company for a period of three consecutive years, subject to approval of the shareholders. Dr. Rashmi Saluja is not related to any member of the Board of Directors and is not debarred from accessing the capital market and/or restrained from holding position of Director in any listed company by virtue of any SEBI Order or any other authority. A brief profile of Dr. Rashmi Saluja is enclosed herewith as Annexure - A. Due to applicable RBI guidelines on the Company being a Core Investment Company, the above re-designation is also subject to the approval of Reserve Bank of India (RBI), hence the effective date of re designation of Dr. Rashmi Saluja as Executive Chairperson shall be date of receipt of RBI approval for same. 

The above information is a part of company’s filings submitted to BSE.

Religare Enterprises Share Price

220.85 -2.55 (-1.14%)
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