Categories: Appointments

Uday Kotak resigns as the Chairman of IL& FS

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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 ₹1,080 crore to reduce debt.

Find More Appointments Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Why Red Bag Became the Symbol of the Budget: The History Behind It

Every year on Budget Day, the Finance Minister’s appearance outside Parliament attracts huge public attention.…

1 hour ago

How Was 100-Metre Steel Bridge Built for the Mumbai-Ahmedabad Bullet Train?

India’s ambitious Mumbai-Ahmedabad Bullet Train Project has crossed another important engineering milestone. On January 29,…

3 hours ago

Why Is India Meeting Arab Nations Foreign Meeting After 10 Years?

India is set to host a major diplomatic event that signals a renewed focus on…

3 hours ago

Which City Tops Numbeo’s Cost of Living Index 2026?

Global living costs continue to rise amid inflation, currency movements, and demand for premium urban…

3 hours ago

Which Country Was the First to Officially Use National Anthem?

A national anthem is a special song that shows a country’s pride, history, and shared…

3 hours ago

Why Has the EU Branded Iran’s IRGC Terror Group?

In a landmark and politically charged decision, the European Union has formally designated Iran’s powerful…

4 hours ago