Latest News | Madhulika Bhaskar Gets Additional Charge as NIACL CMD
Get latest articles and stories on Latest News at LatestLY. The New India Assurance Company Ltd (NIACL) on Tuesday said its General Manager Madhulika Bhaskar has been given additional charge as CMD for a period of three months.
New Delhi, Jul 12 (PTI) The New India Assurance Company Ltd (NIACL) on Tuesday said its General Manager Madhulika Bhaskar has been given additional charge as CMD for a period of three months.
The tenure of Atul Sahai as the Chairman-cum-Managing Director (CMD) of the company had ended on February 28, 2022 following his superannuation.
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"...Ministry of Finance vide their notification dated 12th July, 2022 has conveyed the approval of the competent authority, for entrusting financial and administrative powers and functions of the post of Chairman-cum-Managing Director (CMD)... to Madhulika Bhaskar, General Manager, NIACL, on additional charge basis," the company said in a regulatory filing.
Her appointment is for a period of three months with effect from the date of assumption of charge or till a regular appointee takes over, or until further orders, whichever is earlier, it added.
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Stock of NIACL closed at Rs 82.25 apiece on BSE, up by 1.86 per cent from its previous close.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)