Singh brothers return to Religare board

Even as financial services venture Religare Enterprises continues with asset sell-off exercise, promoter brothers Malvinder and Shivinder Mohan Singh have made a surprise return to the company’s board after a gap of over six years. While Malvinder Mohan Singh has become non-executive chairman, his younger brother Shivinder has been designated as non-executive vice-chairman with effect from July, the company said in a regulatory filing. Pursuant to the Singh brothers’ return to the board of Religare, Sunil Godhwani has stepped down as chairman and managing director but would continue on the board and has been now designated as a wholetime director and chief executive officer.PTI<