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Jaiprakash Associates' CFO Rahul Kumar quits citing 'personal reasons'

Kumar is a veteran of the Delhi-based debt-laden group that has interests in power, cement, roads, hotels and engineering, procurement and construction.

July 20, 2017 / 10:45 AM IST
 
 
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Jaiprakash Associates' Chief Financial Officer Rahul Kumar has quit the company due to "personal reasons". In a June 19 notice to the BSE, the Manoj Gaur-led company said Kumar had also quit as whole-time director of the company and July 31 will be his last day in office.

Kumar is a veteran of the Delhi-based debt-laden group that has interests in power, cement, roads, hotels and engineering, procurement and construction.

Group company Jaypee Infratech, in which Jaiprakash Associates has a 71.64 percent stake, is one of the 12 companies selected by the Reserve Bank of India against which Insolvency and Bankruptcy Code would be applied by banks.

first published: Jul 20, 2017 10:37 am

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