Anand Mahindra to step down as Chairman of M&M 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
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
Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.