UK's 3i says Asia head, senior India exec to leave

MUMBAI Mon Feb 4, 2013 12:03pm IST

Related Topics

Stocks

   

MUMBAI (Reuters) - British private equity group 3i Group Plc (III.L) said on Monday its head of Asia operations Anil Ahuja and a senior India executive will be leaving the company and named Samir Palod as head of the India team.

Ahuja, who joined 3i in April 2005, and Girish Baliga, a partner who was part of the firm's India infrastructure investment team, are leaving to pursue "other opportunities," the company said in a statement without giving details.

Palod, who also joined 3i in 2005 and is part of the private equity firm's infrastructure investment business in India, has been appointed as India managing director with immediate effect, the statement said.

3i is planning to focus on further asset disposals over the coming months, and last month it said that it intends to build on strong progress made in its efforts to restructure the business.

(Reporting by Sumeet Chatterjee and Aradhana Aravindan in MUMBAI; Editing by Gopakumar Warrier)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

Political Pulse

Political Pulse

100 days of Modi: Good for business, not so good for marginalised groups.  Full Article 

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Best Economy

Best Economy

Swiss economy most competitive once again; EU, U.S., Japan improve.  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage