Business and Finance

Tata Power Appoints Three Independent Directors on the Board of the Company

Mr. Sanjay Bhandarkar as Independent Directors on the Board of the Company, effective from October 14, 2016. The appointments of Independent Directors are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The newly appointed Independent Directors reinforce Tata Power’s intent to attract high quality talent and expertise. Ms. Bansal is a Senior Advisor to TPG Capital (TPG), a leading global private equity fund, based in Mumbai. Ms. Vibha Padalkar is Executive Director and Chief Financial Officer at HDFC Standard Life Insurance Company Limited (HDFC Life). While, Mr. Sanjay Bhandarkar is the former Managing Director of Rothschild’s Investment Banking operations in India.

The appointment of all three Independent Directors was passed at a recently conducted Board meeting. The Company has also declared that none of the above named Independent Directors are related to any of the other Directors of the Company.

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