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Capri Global Capital Limited appoints Mr. Ajay Kumar Relan as independent director

Posted On: 2018-12-04 18:48:17

The Board of Directors of Capri Global Capital Limited, on the recommendation of the Nomination and Remuneration Committee, has approved appointment of Mr. Ajay Kumar Relan (DIN: 00002632) as an Independent Director (Additional Director) for a period of 5 (five) years with effect from December 04, 2018, subject to approval of the shareholders at the next Annual General Meeting of the Company.

He is not related to any of the Directors and Key Managerial Personnel of the Company.

Mr. Ajay Kumar Relan has more than four decades of experience in corporate and investment banking in multiple geographies. He was founder and Managing Partner at CX Partners and he also founded Citibank N.A. in India.

Prior to co-founding the CX Partners and serving as its Managing Partner till December 2015, Mr. Relan was the head of Citigroup Venture Capital International (CVCI) in India, a position that he held since the inception of that business in India in 1995.

Prior to this, Mr. Relan worked with several financial firms in multiple geographies, starting with Citi in 1976 and eventually becoming the CEO of a Citi-affiliated brokerage firm, Citicorp Securities & Investments Limited. Mr. Relan has served on the Boards of the following Fund 1 portfolio companies - Thyrocare, Nueclear, SIS, Monnet and NTL. Previously, Mr. Relan served on the boards of several CVCI portfolio companies, such as Suzlon, HT Media, Yes Bank, i-FLEX and Progeon, among others.

Mr. Relan earned his Master of Business Administration (MBA) from the Indian Institute of Management, Ahmedabad and B.A. in Economics from St. Stephen's College, Delhi University, where he achieved the top rank in the University.

Shares of Capri Global Capital Limited was last trading in BSE at Rs.128 as compared to the previous close of Rs. 131.85. The total number of shares traded during the day was 84340 in over 369 trades.

The stock hit an intraday high of Rs. 134.85 and intraday low of 127.25. The net turnover during the day was Rs. 10863802.

Source: Equity Bulls

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