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Tuesday, June 14, 2011

YC Deveshwar re-appointed Chairman of ITC

The shares of ITC are trading at 192, up by Rs. 1 or 0.76% over the previous close.

Yogesh Chander Deveshwar has been reappointed as ITCchairman for another five years, according to reports.


A resolution to this effect will be placed beforeshareholders for approval at the company’s forthcoming annual general meeting,reports stated.

The shares of ITC are trading at 192, up by Rs. 1 or 0.76% over the previous close. It touched the day's high and low at Rs. 192 and 191, respectively.

Even though ITC does not have a retirement age, Deveshwar’sextension has been the subject of discussion since his five-year term was closeto ending, added reports.

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