IL&FS Investment Managers non-exec independent director Mehta resigns; to join Yes Bank board
Mehta, former non-executive chairman of Punjab National Bank, has been nominated in the reconstituted board of the Yes Bank.
"We hereby inform that Sunil Mehta, non-executive independent director of the company, has resigned as a member of the board of directors with immediate effect," IL&FS Investment Managers said in a regulatory filing.
Mehta, in his resignation letter, said, "Given my other new responsibilities, I hereby tender my resignation from the board and sub-committees of the IIML board, with immediate effect." KPM HRS