Nirmal Jain to take over as CEO of IIFL Finance Ltd

Mr. Sumit Bali has resigned as the Chief Executive Officer ('CEO') of IIFL Finance Ltd to pursue other career opportunities. His resignation has been accepted by the Board of Directors at its meeting held today and he will be relieved from the services w.e.f. the close of business hours on June 30, 2020. The Board places on record its appreciation for the valuable contributions made by Mr. Bali during his tenure and wish him the very best in his future endeavors.

On the recommendation of the Board of Directors, Mr. Nirmal Jain, Executive Chairman, has agreed to take over the responsibilities of the CEO to oversee the management and affair of the Company.

Shares of IIFL Finance Limited was last trading in BSE at Rs.72.4 as compared to the previous close of Rs. 68.8. The total number of shares traded during the day was 275462 in over 3891 trades.

The stock hit an intraday high of Rs. 75.5 and intraday low of 68.35. The net turnover during the day was Rs. 20053957.

Source : Equity Bulls

Keywords