Cipla appoints Ireena Vittal as an Independent Director on its Board

India Infoline News Service | Mumbai | November 29, 2016 11:50 IST

Prior to joining McKinsey, Vittal worked with Nestle and MaxTouch (now Vodafone). She has also served government and public institutions to design and implement solutions core to India’s development, such as inclusive urban development and sustainable rural growth.

Ireena Vittal
Cipla Ltd, a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients, is delighted to announce the appointment of Ireena Vittal as an Independent Director on its Board with effect from December 1, 2016.
 
Vittal, a former partner with McKinsey & Company, is an MBA from Indian Institute of Management, Kolkata. She has over two decades of experience in management consulting and is recognised as a thought leader for consumer-facing companies in emerging markets.
 
Prior to joining McKinsey, Vittal worked with Nestle and MaxTouch (now Vodafone). She has also served government and public institutions to design and implement solutions core to India’s development, such as inclusive urban development and sustainable rural growth.
 
Welcoming her appointment as an independent director, Dr. Y. K. Hamied, Non-Executive Chairman, Cipla Limited said, “We are delighted to welcome Vittal to our Board. Cipla is in the midst of preparing itself for an exciting future and her background of both business and advisory will be very useful to the Company.”
 
Ireena Vittal said, “I am honoured to have been invited to join the Board of one of India's most respected and iconic companies. These are very exciting times for Cipla as it transforms itself to be even more relevant to the millions of patients globally.”

Stock Commentary:
 
Cipla Ltd is currently trading at Rs 567.65, down by Rs 2.9 or 0.51% from its previous closing of Rs 570.55 on the BSE.
 
The scrip opened at Rs 573 and has touched a high and low of Rs 573 and Rs 564.95 respectively. So far 364748(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 45887.45 crore.
 
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 660 on 29-Dec-2015 and a 52 week low of Rs 458.25 on 25-May-2016. Last one week high and low of the scrip stood at Rs 577 and Rs 544 respectively.
 
The promoters holding in the company stood at 36.74 % while Institutions and Non-Institutions held 34.6 % and 26.65 % respectively.
 
The stock is currently trading below its 50 DMA.
BSE 571.40 3.25 (0.57%)

***Note: This is a NSE Chart

 

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