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Mumbai-based financial services firm Avendus Capital has appointed Mr R.S. Sharma, former CMD of ONGC, to its board of directors.
According to a press release, the company had deals worth $2.2 billion in 2011.
Mr Sharma was the Chairman and Managing Director of Oil and Natural Gas Corporation from May 2006 to January 2011. He was also concurrently the Chairman of ONGC Videsh Ltd (OVL), Mangalore Refinery & Petrochemicals Ltd (MRPL) and five other ONGC Group companies during the period.
Avendus Capital CEO and Managing Director, Mr Ranu Vohra, said: “His (Sharma’s) deep knowledge of the global economy and business, as well as unique experience as the CEO of one of India’s leading enterprise will be of immense value to Avendus.’’
Mr Sharma said the young and professional team of Avendus has built a formidable practice in cross-border M&As in a short span of time and are now building repute in the equity markets, institutional equities, alternate asset management and wealth management space.
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