Adani Ports -; SEZ appoints D. Muthukumaran as CFO; stock adds ~1%

8 Jul 2022 , 09:52 AM

Adani Ports & SEZ Limited informed that on the recommendation of the Nomination and Remuneration Committee and Audit Committee, the Board of Directors has considered and approved the appointment of D. Muthukumaran as the Chief Financial Officer and Key Managerial Personnel of the Company, effective from July 25, 2022.

Mr. D Muthukumaran is a 1995 batch Chartered Accountant and Cost Accountant. He has over 25 years of relevant experience in various finance and accounting disciplines. He has extensive experience driving various businesses, M&A transactions, and raising debt and equity funds.

Muthukumaran’s areas of expertise include structured finance, leveraged buyouts, and regulatory and tax structuring.

He previously worked for Deloitte, Lazard India Ltd, Aditya Birla Group, and Renew Power. Previously, he was actively involved in fundraising through private equity, public listing in international markets, and debt issuances in both domestic and international markets.

At around 9.56 AM, Adani Ports & SEZ was trading at Rs708.50 per piece, up by Rs5.3 or 0.75% from its previous closing of Rs703.20 on the BSE. The scrip opened at Rs708.15 and has touched a high and low of Rs714 and Rs706.60 respectively.