and Mr Chandan Bhattacharya, who was inducted as an independent director in September 2009 (has over 37 years of experience). Mr Bhattacharya is the former managing director of State Bank of India. Overall, the board comprises two managing directors, three independent directors (one of whom is a non executive chairman) and four investor nominee directors.
Out of the Rs 15 billion DBRL plans to raise via the IPO, Rs 13 billion is expected to fund four of the 10 ongoing projects, Rs 0.8 billion would be used to prepay the IDFC term loan and the balance utilised for general corporate use.
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January 14, 2010