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IDFC Limited appointed Mahendra N Shah as a new MD

IDFC Limited

IDFC Limited appoints Mahendra N Shah as its new managing director

On Wednesday, Mahendra N. Shah was selected by Infrastructure Development Finance Company IDFC Limited as the Managing Director-Designate. According to a notification, the Board of Directors met on Wednesday and reached a resolution based on the Nomination and Remuneration Committee’s recommendations. Shah will officially assume the position on October 1st, 2022, and hold it through September 30th, 2023. His extension is subject to shareholder approval, as well as any additional necessary statutory or regulatory permissions. Sunil Kakar, his predecessor, will stop working on September 30, 2022, the business announced in an exchange report. 
 
Shah is currently working for IDFC Limited as the company secretary and compliance officer. The position has been his since May 24, 2019. With immediate effect, Shivangi Mistry will take over as the company secretary and compliance officer. 
 
Shah previously worked for the business in a variety of capacities. He served as the IDFC FIRST Bank’s Group Company Secretary, Group Chief Compliance Officer, Group Head of Governance, Compliance & Secretarial, and Senior Advisor for Taxation for more than ten years.

IDFC Limited

Shah is currently working for IDFC Limited as the company secretary and compliance officer. The position has been his since May 24, 2019. With immediate effect, Shivangi Mistry will take over as the company secretary and compliance officer. 
 
Shah previously worked for the business in a variety of capacities. He served as the IDFC FIRST Bank’s Group Company Secretary, Group Chief Compliance Officer, Group Head of Governance, Compliance & Secretarial, and Senior Advisor for Taxation for more than ten years. 
 
On August 24, shares of IDFC Limited concluded trading at Rs. 62.07, up 2.70 percent from the previous Tuesday. The stock’s 52-week high was 70.15 and low was 42.25 rupees. The shares reached a high and low for the day of Rs. 63.10 and Rs. 61.20, respectively.