Transfin.

Anand Mahindra To Step Down As Chairman of Mahindra and Mahindra Next Year

Anand Mahindra to step down as Chairman of M&M next year.

 

COMPANIES

Anand Mahindra to step down as Chairman of Mahindra and Mahindra next year.

End of an Era: Mahindra & Mahindra (M&M) Executive Chairman Anand Mahindra will step down from his position and become Non-Executive Chairman next year, effective 1 April, 2020, the company announced today.

 

The announcement comes following the new SEBI norms that mandated that the top 500 listed entities have to appoint a Non-Executive Chairperson on their boards by April 1, 2020, which would eventually lead to a split in the post of Chairman and Managing Director. Business Today

Lenskart to raise $231mn from SoftBank Vision Fund II.

Eye To Eye: Delhi-based eyewear startup Lenskart is raising $231mn as part of its Series G funding round from SoftBank Vision Fund II Lightbulb. With this investment, the online eyewear retailer will be valued at $1.5bn. Inc42

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