IL&FS Investment Managers non-executive independent director Sunil Mehta resigns; to join Yes Bank board

IL&FS Investment Managers Ltd (IIML) on Thursday said its Non-Executive Independent Director Sunil Mehta has resigned from its board with immediate effect due to his new responsibilities

Press Trust of India March 20, 2020 12:57:22 IST
IL&FS Investment Managers non-executive independent director Sunil Mehta resigns; to join Yes Bank board

New Delhi: IL&FS Investment Managers Ltd (IIML) on Thursday said its Non-Executive Independent Director Sunil Mehta has resigned from its board with immediate effect due to his new responsibilities.

ILFS Investment Managers nonexecutive independent director Sunil Mehta resigns to join Yes Bank board

File photo of Sunil Mehta, Reuters.

Mehta, former non-executive chairman of Punjab National Bank, has been nominated in the reconstituted board of the Yes Bank.

"We hereby inform that Sunil Mehta, non-executive independent director of the company, has resigned as a member of the board of directors with immediate effect," IL&FS Investment Managers said in a regulatory filing.

Mehta, in his resignation letter, said, "Given my other new responsibilities, I hereby tender my resignation from the board and sub-committees of the IIML board, with immediate effect."

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