Fortis invites 3 independent directors to join its board

MUMBAI: Fortis Healthcare Ltd said it has invited Suvalaxmi Chakraborty, Ravi Rajagopal and Indrajit Banerjee to join its board as independent directors before a board meeting on Friday.

The three independent directors were recommended by shareholders of the firm—national Westminster Bank Plc as Trustee of Jupiter India Fund, East Bridge Capital Master Fund Ltd and East Bridge Capital Master Fund I Ltd, Fortis said in a note to the exchanges on Thursday.

Jupiter India Fund, East Bridge Capital Master Fund Ltd and East Bridge Capital Master Fund I Ltd together hold 12.04% in Fortis Healthcare.

“It was also decided that in the meeting scheduled for tomorrow and in light of the above new appointments, the board shall discuss further board restructuring,” the firm said in a statement.

Chakraborty had previously served as the chief executive at SBM Holdings Ltd, formerly State Bank of Mauritius, according to Bloomberg. Chakraborty is a chartered accountant and serves on the board of Magma HDI General Insurance Co. Ltd, Caspian Impact Investments Pvt. Ltd and RGVN Microfinance Ltd, among other companies. She is also a co-founder of an advisory firm Espandere Advisors Pvt Ltd.

Rajagopal is chairman of JM Financial Services Singapore and an independent director on the board of Vedanta Plc. He has previously served as managing director for India and South Asia and chief financial officer for Europe for Diageo.

Banerjee has previously held the position of president and chief financial officer at Ranbaxy Laboratories Ltd.