MCA appoints Nagaraju Maddirala as IL&FS chairman and MD
In short
The Ministry of Corporate Affairs named retired IAS officer Nagaraju Maddirala as chairman and managing director of IL&FS for two years. He replaces Nand Kisho.
This matters because IL&FS is getting new leadership. The reporting does not say why the change was made or when the appointment takes effect.
What the reporting says
The Ministry of Corporate Affairs appointed retired IAS officer Nagaraju Maddirala as chairman and managing director of Infrastructure Leasing & Financial Services for two years. He succeeds Nand Kisho, according to the publisher summary. The reporting does not state the exact appointment date, the reason for the change, or whether any other leadership roles were altered.
Why it matters
The Ministry of Corporate Affairs appointed retired IAS officer Nagaraju Maddirala as chairman and managing director of Infrastructure Leasing & Financial Services for two years, replacing Nand Kisho. This is a leadership change at IL&FS, a company that has faced major governance and financial issues in the past, though those are not detailed in the source snippet. The reporting does not provide the appointment date or mandate.