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. [caption id=“attachment_4428235” align=“alignleft” width=“380”] File photo of Sunil Mehta, Reuters.[/caption] 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.”