Religare Enterprises has elevated Chief Executive Officer and Whole Time Director Sunil Godhwani as Group President of its holding company.
"As Religare pursues the next phase of its growth, RHC Holding Private Ltd (RHC), a promoter group holding company, would like to leverage Godhwani's vast experience to further build and strengthen its business interests," it said in a regulatory filing.
Godhwani has stepped down as the CEO of REL to take on the larger role of Group President at RHC, it said.
However, he will continue to be a Whole Time Director of REL.
The group has business interests across financial services sector through Religare and other businesses in segments such as healthcare, diagnostics, IT services and retail.
"With a clear strategic vision and agenda of further growing this franchise, the promoter group is investing in building seasoned capabilities at the RHC level. In line with this objective, it has been decided to induct Godhwani at the group level with broader responsibilities," Religare said.
Religare Enterprises stock closed 1.6 per cent up at Rs 267 on BSE.
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