Dharmesh Mehta has stepped down as the managing director and chief executive of Axis Capital to "pursue other interests", an official statement said Monday.
The investment banking arm of the third largest private sector lender has elevated Salil Pitale and Chirag Negandhi as joint managing directors and co-chief executive officers, it said.
Mehta has reportedly put in a bid to acquire the broking and investment banking division of IDFC Bank and was asked to proceed on leave by Axis Bank.
***************** Shriram EPC bags 2 orders worth Rs 225.71 cr *
Engineering services firm Shriram EPC Tuesday said it has secured two separate orders worth Rs 166.16 crore and Rs 59.55 crore from the Jharkhand Urban Infrastructure Development.
The scope of work of this order involves augmentation and strengthening of Dhanbad Water Supply Scheme - Phase 1 under Dhanbad Municipal Corporation and Water supply system for Khunti Nagar Panchayat(Jharkhand), a release said here.
******************* AU Small Finance Bank raises Rs 500 cr *
AU Small Finance Bank has raised Rs 500 crore in tier II capital through a private placement of bonds.
The money raised also includes Rs 200 crore in greenshoe option, an official statement said.
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