Hindustan Motors appoints Mr. Ajay Kumar Bansal as CEO

Hindustan Motors' board of directors recently held a meeting on November 02, 2015, where it approved the appointment of Mr. Ajay Kumar Bansal as the company's Chief Executive Officer. This development came into effect from November 02, 2015, and it is valid for a period of two years. In addition to this, the enterprise's board also approved the sale of land owned under the Uttarpara Plant. The board members came to the decision that land within 50 acres could be disposed of, so long as it was subject to approvals, and had objections pending before it by the state's government. The board also approved the sale, lease or disposal of the whole of the company's plant, as long as the terms and conditions of such a sale was authorized by Board of Directors of the Company for consideration.

Shares of the company had been recorded in the BSE at Rs. 6.95, a marginal rise over the previous closing value of Rs. 6.9. In the trading session, the total volume of shares traded was 48236, occurring over 120 trades. The stock met its peak at Rs. 7.45, and dropped to its lowest at 6.85. The day's net turnover for the company was Rs. 340777.