Ninu Khanna tipped to head Britannia
Bangalore: The current managing director of Nusli Wadia-controlled Bombay Dyeing, Ninu Khanna, is tipped to be in the race for leadership at bakery major Britannia Industries, market sources said. Incidentally, Wadias own substantial stake in Britannia. However, the official spokesman of Bombay Dyeing denied such market talk as "mere speculation". Britannia's board of directors are scheduled to meet on June 3 to discuss the departure issue of its current managing director, Sunil Alagh. Alagh, who is currently on an overseas vacation, had earlier informed the company's board his intention of not renewing his contract, which expires in February 2004. There is talk that Alagh could leave the company prior to the normal contract tenure and the Wadias are on the lookout for an immediate replacement, if such a situation arises. Alagh's decision to leave Britannia follows intense market talk on his possible departure from the company tracking certain differences with the Wadia family.
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