IndoStar Capital Finance Ltd - Leadership transition: Departure of CEO; Randhir Singh to continue to lead Company as MD

IndoStar Capital Finance Limited (IndoStar) today announced that its CEO, Karthikeyan Srinivasan will depart the Company on 30th May to pursue other career opportunities. Randhir Singh (Executive Vice Chairman) will continue to lead the Company as Managing Director, and formally assume the responsibilities previously handled by Mr. Srinivasan.

Commenting about the development, Naina Krishna Murthy, Chairperson of IndoStar, stated: "We thank Karthik for his services to the Company, and wish him the best for his future endeavours. We look forward to continuing to work with Randhir and the management team to drive the next phase of IndoStar's journey."

Shares of IndoStar Capital Finance Limited was last trading in BSE at Rs. 280.20 as compared to the previous close of Rs. 289.60. The total number of shares traded during the day was 13733 in over 1210 trades.

The stock hit an intraday high of Rs. 295.95 and intraday low of 278.80. The net turnover during the day was Rs. 3961134.00.

Source : Equity Bulls

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IndoStarCapitalFinance INE896L01010 NBFC CEO Resignation LeadershipTransition