New Delhi13 minutes ago
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Mukesh Ambani’s company Reliance Industries has bought 74% stake in Navi Mumbai IIA Private Limited (NMIIA). For this, Reliance has spent Rs 1,628 crore. This company NMIIA works to develop Integrated Industrial Area (IIA) in Maharashtra. After this deal, NMIIA has become a subsidiary of Reliance Industries. Reliance has purchased 57,12,39,588 shares of NMIIA at Rs 28.50 per share.
The remaining 26% stake of NMIIA is held by City and Industrial Development Corporation of Maharashtra Limited (CIDCO). Let us tell you that NMIIA has been appointed as ‘Special Planning Authority’ by the Government of Maharashtra for the development of IIA. This authority will look after the planning and development of the city.
NMIIA was started in 2004 NMIIA was launched on June 15, 2004. Recognized as a “Special Planning Authority” under the Maharashtra Regional and Town Planning Act, 1966, NMIIA has achieved a turnover of Rs 34.89 crore (FY24), Rs 32.89 crore (FY23) and Rs 34.74 crore (FY22).
Ira Bindra made Group President of HR Department of Reliance Ira Bindra has been appointed Group President of HR Department of Reliance Industries. 47-year-old Bindra is the first woman member who is not from the Ambani family to join the group’s executive committee. Apart from this, she will be the youngest woman in the Executive Committee.
Earlier, Ira Bindra was HR Head and Vice President of Global Regions at Medtronic Company of USA. Ira Bindra graduated from Lady Shri Ram College, Delhi in 1998. After this, he completed post graduation in Business Administration from Maastricht School of Management, Netherlands in 1999. He then worked with GE Capital, GE India, GE Healthcare and GE Oil & Gas before joining Medtronic in May 2018.
Earlier, Ira Bindra was HR Head and Vice President of Global Regions at Medtronic Company of USA.
