WCL emerges as Growth Engine of Coal India, Records Strong Growth in Production (See 'Corp Brief') A&C - Judicial intervention in arbitral proceedings is warranted only in exceptional cases, such as where party is left remediless under the statute or where clear bad faith is established: HC (See 'Legal Desk') DPIIT implements Special Campaign to minimise Pendency Across Offices (See 'Corp Brief') SEBI ACT - Provisions of SEBI (Prohibition of Insider Trading) Regulations are violated where an employee of the Company, possessed & communicated Unpublished Price Sensitive Information regarding its forthcoming financial results to an outsider who then traded in company's shares based on such information: SAT (See 'Legal Desk') CCI approves acquisition of certain stake in Vodafone Group PLC by Vega SAS (See 'Corp Brief') CCI approves acquisition of equity of Solenergi Power by Aditya Birla Renewables (See 'Corp Brief') CCI approves acquisition of certain shareholding in Navi Ltd by MIH Payments (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - A post-admission settlement can automatically bypass statutory mechanism mandated under Section 12A of the IBC, 2016, particularly in light of stringent amended provisions governing withdrawal of admitted applications: NCLAT (See 'Legal Desk') CCI approves acquisition of equity share capital of IntelliSmart Infrastructure by Adani Energy (See 'Corp Brief') CCI approves merger of Sapphire Foods India with and into Devyani International (See 'Corp Brief') 87 Crores Individuals Screened for Oral, Breast and Cervical Cancers (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - Liquidator's claim for refund cannot be adjudicated in the summary jurisdiction under Section 60(5) of the Code, more so where the parties' claims have not been crystallised through adjudication: NCLT (See 'Legal Desk') India-BLEU Joint Economic Commission Session Held in Luxembourg (See 'Corp Brief') India to promote South-South Cooperation and share Agricultural Innovations (See 'Corp Brief') Companies Act, 2013 - Pendency of challenge to a judgment before a Division Bench does not extinguish its binding force, where judgment is neither set aside nor stayed: HC (See 'Legal Desk') Of 137 commercial mines allocated since 2020, 25 are producing (See 'Corp Brief') MoS releases Foreign Language Compendium of DRDO Products for engagement with international partners (See 'Corp Brief') Trade Marks Act, 1999 - Court's intervention is needed where the parties furnish affidavits making undertakings that effectively resolve the issues at hand: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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Mahindra Finance appoints Amit Raje as COO of digital business

Published: Mar 06, 2021

By TIOLCORPLAWS News Service

MUMBAI, MAR 06, 2021: MAHINDRA and Mahindra Financial Services on Friday said its board has appointed Mr Amit Raje as a Chief Operating Officer (COO) of its digital finance business for a period of five years, with effect from April 1.

"The Board of Directors of the company at its meeting held on March 5, 2021, has inter alia, approved the appointment of Mr Amit Raje as a Whole-time Director of the Company designated as "Chief Operating Officer - Digital Finance Business" for a period of five years, with effect from April 1, 2021 till March 31, 2026 (both days inclusive), liable to retire by rotation, subject to approval of the Members," said an official statement.

Mr Raje was appointed as an additional non-executive non-independent director of the company in September last year. He is currently the Executive Vice-President - Partnerships and Alliances of the parent company, Mahindra and Mahindra.

He has a cumulative experience of over 320 years in corporate finance, mergers and acquisitions, investor relations and private equity.

Prior to joining the Mahindra Group, Mr Raje was the Managing Director in the Principal Investing Area of Goldman Sachs, and also worked with Kotak Investment Advisors in the transaction advisory services.

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