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Indiabulls Ventures Ltd.

BSE: 532960 Sector: Financials
NSE: IBVENTURES ISIN Code: INE274G01010
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Voluntary Salary Cuts Taken By Senior Management For Financial Year 2020-21

April 15, 2020, 10:31 pm | Source: BSE

The senior management of the Company has decided to lead the efforts on expense control by volunteering to take pay cuts upto an average of 50% for the current financial year due to slowdown and difficulties caused by COVID 19.

Mr. Divyesh B. Shah Chief Executive Officer of Indiabulls Ventures Limited has opted to take a salary cut of 90%. Mr. Pinank Jayant Shah Chief Executive Officer of Indiabulls Consumer Finance Limited has opted to take a salary cut of 50%.