Who has announced to step down as the Chairman of the board of the "Infrastructure Leasing and Financial Services (IL and FS)"?

Daily Current Affairs

Debashis Basu

Harshad Mehta

Rakesh Jhunjhunwala

Uday Kotak

Correct Answer : Uday Kotak

Uday Kotak has announced to step down as the Chairman of the board of the Infrastructure Leasing & Financial Services (IL&FS), after his term ends on April 2, 2022. CS Rajan, Managing Director, IL&FS has been appointed as Chairman and Managing Director for six months with effect from April 3 by the Ministry of Corporate Affairs.

Crisis-hit Infrastructure Leasing & Financial Services Ltd (IL&FS) has resolved nearly 55% of the group’s outstanding debt over the last three-and-a-half years, managing director C.S. Rajan said on Tuesday. Among others, the company sold its iconic headquarters at Bandra Kurla Complex for â‚¹1,080 crore to reduce debt.

Published On : March 30, 2022

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