SKS Micro reappoints R Ramachandra Rao as MD & CEO
Hyderabad: SKS Microfinance Ltd today reappointed R Ramachandra Rao as Managing Director and Chief Executive Officer for a period of 5 years with effect from October 4.
"SKS Microfinance Ltd has informed BSE that the Board of Directors of the Company has reappointed Mr R Ramachandra Rao as the Managing Director & Chief Executive Officer for a further period of 5 years (subject to review post 3 years) w.E.F. October 4, 2013," SKS, the only listed micro lender in the country, said in the filing.
In a separate filing with bourses, SKS also said Ranjana Kumar, an Independent Director has tendered the resignation as Director from the Board of the Company due to personal reasons and the Board has taken note of the resignation by passing a circular resolution as of date.
Meanwhile, SKS shares today closed at Rs 129.45 apiece on the BSE, down 0.50 percent from the previous close.