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Nikhil
Nanda designated Executive Director and COO of Escorts
Ltd.
New
Delhi: Escorts Ltd on Monday said that it has appointed
Nikhil Nanda as whole-time director to be designated as
Executive Director and Chief Operating Officer (COO).
The
board of directors of the company, at a meeting on Monday,
approved the appointment of Nikhil Nanda as whole-time
director of the company, it informed the BSE.
In
September, Nanda had resigned from the board and was appointed
as group COO as part of a major restructuring process.
Escorts
recently sold its holding in Escorts Heart Institute and
Research Centre (EHIRC) for a consideration of Rs585 crore,
after which it has put into action a debt restructuring
plan.
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