Uday Kotak to step down as the Chairman of IL&FS

• Uday Kotak has announced to step down as the Chairman of the board of the Infrastructure Leasing & Financial Services (IL&FS), after his term ends on April 2, 2022.
• Following this, the Ministry of Corporate Affairs has named CS Rajan, the Managing Director of IL&FS to serve as Chairman and Managing Director of the company for six months with effect from April 3, 2022.

Source: BusinessToday