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Yogesh Kapur joins as Additional Director at Kirloskar Oil Engines; Stock sheds 3%

In 2014 he joined Axis Bank as Head- Strategic Relationship Group- Wholesale banking for north India.

September 30, 2021 9:16 IST | India Infoline News Service
Kirloskar Oil Engines Ltd has informed that the Board of Directors have appointed Yogesh Kapur, as an Additional Director in the capacity of an Independent Director for a first term of 5 years, with effect from September 29, 2021.

Yogesh Kapur (age 64) is Fellow Chartered Accountant (FCA) with over 38 years’ experience in financial services sector. He started his career in 1983 with Housing Development Finance Corporation Ltd (HDFC).

In 1991 he switched to Investment banking with HSBC and then joined Enam Securities Pvt. Ltd. a leading Investment banking /brokerage house in 1994. In 2012 with Axis Bank taking over the Investment Banking business of Enam Securities Pvt. Ltd., he moved to Axis Capital Ltd. a wholly owned subsidiary of Axis Bank.

In 2014 he joined Axis Bank as Head- Strategic Relationship Group- Wholesale banking for north India. Post his superannuation in July 2017, he re-joined Axis Capital on a contract as Managing Director – special coverage. This contract is currently for period up to July 31, 2022.

During his tenor as investment banker, Yogesh Kapur has worked with companies both in private and public sectors as these companies prepared to list on public markets. In addition he has been engaged in advising companies on strategic initiatives, reorganisation, business /corporate restructuring etc.

Yogesh Kapur has very closely engaged during this period with DIPAM to manage initial listings and further divestments in listed public sector companies in accordance with Government’s directives/ decisions on the subject.

During his career positions with different organisations Yogesh Kapur has worked on number of international assignments including for USAID and World Bank in Sri Lanka and Ghana. He also served on committees set up by SEBI/ Government of India - Ministry of Finance to examine ADR/GDRs as well as Bonds regulations.

On Thursday morning trade, Kirloskar Oil Engines was trading at Rs199 per piece down by 2.95% on Sensex.

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