The IL&FS group on Monday said Vineet Nayyar has resigned as the company’s executive vice-chairman because of poor health.
A statement from IL&FS said Nayyar requested the board to relieve him of his duties as the executive vice-chairman with effect from October 31, 2020, on grounds of “indifferent health”.
“The board, in its meeting held here on Monday, has accepted Nayyar’s resignation with effect from October 31, 2020, and granted him leave till then, on medical grounds,” it said.
