Showing posts with label IL&FS. Show all posts
Showing posts with label IL&FS. Show all posts

S.B. Mathur will replace Hemant Bhargava, LIC’s managing director, who was also serving as non-executive chairman at IL&FS



Mumbai: Former LIC chairman S.B. Mathur will be appointed chairman to the board of Infrastructure Financing and Leasing Services (IL&FS), the company decided at a board meeting that was held on Saturday, according to a representative. He will be replacing Hemant Bhargava, LIC’s managing director, who was also serving as non-executive chairman at IL&FS since July.

The company representative said this change in chairmanship was necessary because of the conflict of interest that arose in Bhargava’s role at the head of both LIC and IL&FS.