IL&FS COO N Sivaraman decides to quit
After leading the asset monetisation efforts of cash-strapped Infrastructure Leasing and Financial Services (IL&FS) for almost one-and-a-half years, N Sivaraman has decided to part ways with the group, a source said.
L&T Group veteran, Sivaraman was appointed as the group’s chief operating officer (COO) in November 2018. He was also heading the infrastructure investment trusts (InvIT) programme.
His last day at the group will be July 31, 2020, the source said.
Post his decision, the Uday Kotak-led board has decided to rejig the portfolio of the top management, aimed at expediting the resolution process.
