Mr Milan Paleja, Vice Chairman & Managing Director of Novartis India Ltd has informed the Board of Directors today of his decision to step down as the Vice Chairman & Managing Director, effective close of business hours on May 31, 2019 for embracing challenges outside of Novartis.
The Board requested the Nomination & Remuneration Committee to identify and recommend a suitable successor for the role of Managing Director of the Company.
Shares of NOVARTIS INDIA LTD. was last trading in BSE at Rs.741.65 as compared to the previous close of Rs. 690.55. The total number of shares traded during the day was 225713 in over 8532 trades.
The stock hit an intraday high of Rs. 769 and intraday low of 680.55. The net turnover during the day was Rs. 168390233.