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Board withdrew Rs 1200Cr Sunbridge Solar CCPS subscription (881,380 at Rs 13615); appointed Gaurav Jindal as CEO and Krishnan as MD for 5 years from 29 Oct 2026; reshuffled CS/CCO roles. Sunbridge was a large balance-sheet-scale growth bet; withdrawal on RBI concentration and exposure grounds avoids deepening single-name stress and defers a major funding need. Removes upfront outlay; CEO and MD pay terms undisclosed, MD needs member approval; SRA implementations and pending quarterly results still to be detailed.
Standard Capital Markets Names Krishnan MD As Jindal Relinquishes Role
Standard Capital Markets Announces Jindal's MD Relinquishment And Executive Director Role
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Standard Capital Markets Boards Approves ₹1200 Crore Sunbridge Solar CCPS Investment