GE Power India Limited accepts resignation of Mr. Ashok Ganesan as MD

The Board of Directors of GE Power India Limited (‘Company’) at its meeting held on 14 March 2017 accepted the resignation of Mr. Ashok Ganesan as Managing Director of the Company with effect from end of business hours on 31 May 2017.

Effective 01 June 2017, he will take a global role in General Electric Company (‘GE’). In terms of the provisions of Code of Conduct to Regulate, Monitor and Report Trading by Insiders, the Trading Window of the Company shall remain closed from now onwards up to Thursday, 16 March 2017.

Shares of GE Power India Limited was last trading in BSE at Rs.585.55 as compared to the previous close of Rs. 589.2. The total number of shares traded during the day was 2104 in over 138 trades.

The stock hit an intraday high of Rs. 590.5 and intraday low of 580. The net turnover during the day was Rs. 1231563.

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