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People
Blackstone CMD to join NCC board
Hyderabad, Dec. 13
Nagarjuna Construction Company Ltd has appointed Mr
Akhil Gupta, Chairman and Managing Director of
Blackstone India Ltd, the investment fund, as Additional
Director on its board. The Hyderabad-based
infrastructure major has informed BSE that the Directors
of the Company have vide circular resolution dated
December 12, 2007, made the appointment. Earlier in
August 2007, Blackstone picked up a 12.2 per cent equity
in NCC by investing Rs 615 crore. Mr Gupta is a nominee
of Blackstone India Ltd, on the board of the company.
The NCC Directors have also accorded approval for the
appointment of Mr Amit Dixit as an Alternate Director to
Mr Gupta from the same date. - Our Bureau
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