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.
Company's stock rises after it announces that its financial services business will be demerged from Reliance Industries.
The interim dividend will be paid to the shareholders whose names appear on the register of members of the company on record date.
In this insolvency resolution, the primary creditor Punjab National Bank (PNB) received Rs 700 crore.
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.
Non-convertible debentures (NCDs) are fixed income securities that is listed with stock exchanges, like BSE and NSE in India.
The valuation of the company was estimated to be up to $3 billion.