The regulator’s approval, disclosed in an alternate submitting on Wednesday, paves the best way for Ramachandran to proceed on the helm of the corporate from Could 1, 2025, by means of April 30, 2030. The board of administrators had earlier cleared his reappointment.
Ramachandran has been related to Niva Bupa Well being Insurance coverage since April 2020 and brings greater than twenty years of expertise within the medical health insurance, healthcare, and life sciences sectors. His earlier management roles embrace CEO positions at Deloitte Consulting L.P. and Arthur Andersen. He additionally served as chief working officer at Apollo DKV Insurance coverage Co.
An alumnus of IIT Madras and IIM Calcutta, Ramachandran holds a Bachelor’s diploma in Electrical and Digital Engineering and a postgraduate diploma in administration.
Additionally learn | Bullish momentum brewing? 80% of NSE500 shares now above 50-day common, says Axis Securities
Shares of Niva Bupa Well being Insurance coverage closed 8% larger at Rs 83.76 apiece on Wednesday. The inventory has superior 13.2% over the previous 12 months, although it’s down 0.4% on a year-to-date foundation.Technical indicators level to robust momentum, with the inventory buying and selling above all six key easy transferring averages, together with the 50-day and 100-day SMAs. The 14-day Relative Energy Index stands at 69.9, slightly below the overbought threshold of 70.(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t symbolize the views of The Financial Instances)
