India based finance company, Bajaj Finance on Wednesday announced the reappointment of Rajeev Jain as the company’s managing director.
In a filing at the Stock Exchange, the Company said, “The board of directors has reappointed Rajeev Jain as managing director of the company for a further period of five years with effect from April 1, 2020.”
“The development is subject to the approval of the shareholders of the company at the ensuing annual general meeting,” the filing said.
“Pursuant to the directions dated 14 June 2018 issued by SEBI to the stock exchanges and based on the declarations received, we hereby inform that Shri Rajeev Jain is not debarred from holding the Office of Director by virtue of any order passed by SEBI or any other such authority and therefore, he is not disqualified to be re-appointed as Managing Director of the Company,” it said.
