Idea Cellular appoints Mrs Alka Bharucha as Additional Independent Director

GANDHINAGAR | MUMBAI | AHMEDABAD | RAJKOT – Idea Cellular Ltd has inducted Mrs Alka Bharucha as Additional Independent Director on the company board for five years, with effect from December 26, 2016 – Monday, the company statement said.

Mrs Bharucha having vast experience of legal practice relating to mergers & acquisitions, private equity investments, joint ventures, banking and structured finance, capital markets and infrastructure, had co-founded Bharucha & Partners in 2008 which since inception has been ranked by RSG Consulting, London among the top fifteen firms in India, the statement said.

Mrs Bharucha began her career joining law firm – Mulla & Mulla & Craigie Blunt & Caroe and later in 1992 she moved to Amarchand & Mangaldas law firm.

Mrs Alka Bharucha

Mrs Alka Bharucha

Appointment of Mrs Alka Bharucha as Additional Independent Director is based on the recommendation of Nomination and Remuneration Committee, subject to shareholders approval at ensuing Annual General Meeting, the statement said.

Idea Cellular shared updates of appointing Mrs Alka Bharucha as Additional Independent Director to the company board in evening today after closing hours of trading session on the Indian bourses, however the company shares had closed in red on negative counters on the two leading bourses in India – The Bombay Stock Exchange and The National Stock Exchange.

On Tuesday, when bourses in India open for business, investors will be keen to see how markets are reacting the induction of legal eagle on the company board.


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