Satya Easwaran to be replaced with Badri Srinivasan.
The amount will be used to fund the payout for the voluntary retirement scheme (VRA), which is likely to cost over Rs 200 crore.
The investment objective of the Scheme is to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index.
After increasing 1% on Tuesday, spot gold was trading 0.2% down at $1,970.79 per ounce.
The company supplies its products to 9 out of top 10 global tyre manufacturers and to all of the top 11 tyre, paint, footwear and cosmetics manufacturers in India
Investment made under PLI scheme.
Spot gold was up 0.1% at $1,958.85 per ounce.
Non-convertible debentures (NCDs) are fixed income securities that is listed with stock exchanges, like BSE and NSE in India.
Spot gold was down 0.1% at $1,975.76 per ounce.