INSUBCONTINENT EXCLUSIVE:
managing director, ILFS non-executive chairman Uday Kotak said on Wednesday.So far, Vineet Nayyar was the executive vice chairman and
managing director of the company
He would now continue to be the executive vice chairman."Rajan who was on the board for the first six months in the capacity as
Non-Executive Director, effective today is the Managing Director of ILFS," Mr Kotak said at a media briefing after the ILFS board meeting."I
continue to be the Non-Executive Chairman," he said.In a presentation, the company said that it expects to complete monetisation of its
assets by May as the company is in good shape and its assets can be sold.ILFS group's total outstanding debt currently stands at Rs 99,354
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