JSW Energy Ltd appoints Mr. Munesh Khanna as additional and independent director

The Board of Directors of JSW Energy Ltd at its meeting held today has approved the appointment of Mr. Munesh Khanna (DIN: 00202521) as an Additional and Independent Director of the Company with effect from 26th March, 2021 for a term of 5 years, subject to the approval of the Members of the Company.

Mr. Munesh Khanna, is a chartered accountant by qualification. He started his career with the accounting and advisory firm of Arthur Andersen in the audit division and was subsequently made partner in the tax practice before rising to become the Country Head - India of its Corporate Finance Division. He has been the Managing Director and Country Head of NM Rothschild and Co. in India. His work experience also includes Country Head of Investment Banking at DSP Merrill Lynch and Country Leader of Corporate Finance and Restructuring at PricewaterhouseCoopers as well as senior positions at Grant Thornton and Centrum Capital.

Mr. Khanna has a strong grounding in accounting, extensive understanding of tax and corporate affairs, expertise in corporate finance, strategy and business restructuring. He has been involved in complex transactions in India, such as The Enron Dabhol Power Company restructuring, acquisition of Tetley Tea by Tata Tea, listing of Cairn Energy in India, merger of Bharti Retail with Future Retail, IPO of Air Deccan, privatisation of Mumbai Airport, unlocking of value of companies like Arvind Limited, Indofil Industries by way of de-mergers.

In 2018, he set up Backbay Advisors LLP, a strategy advisory and investment banking firm.

Mr. Khanna is not related to any of the Directors of the Company.

Mr. Khanna is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority.

Shares of JSW Energy Ltd was last trading in BSE at Rs.87.35 as compared to the previous close of Rs. 83.55. The total number of shares traded during the day was 652740 in over 1326 trades.

The stock hit an intraday high of Rs. 88.05 and intraday low of 83.65. The net turnover during the day was Rs. 55918042.

Source : Equity Bulls

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