RBI Rejects Religare Proposal For Ex-Interim CEO’s Appointment To Board

Bloomberg Quint | Jul 16, 2019 at 5:58 PM
  • The Reserve Bank of India on Tuesday rejected Religare Enterprises Ltd’.s proposal for appointment of two persons, including a former interim chief executive officer, to the company’s board of directors.
  • Ashok Mehta, who was appointed Interim CEO in April 2018 after the exit of CEO Sunil Godhwani, resigned from the post in August 2018.
  • Religare Enterprises had approved the appointment of Ashwani Mehta, one of the pioneers of laparoscopic surgery in North India, as the non-executive non-independent director on Nov. 20, 2018.