13 October 2018 Current Affairs:
The new board of Infrastructure Leasing and Financial Services (IL&FS), has decided to nominate directors to key subsidiaries like IL&FS Financial Services Limited, IL&FS Transportation Networks Limited and IL&FS Environmental Infrastructure & Services Limited (IEISL). The board is headed by Uday Kotak.
The board inducted the six-member board in IL&FS. The board appointed directors in eight subsidiaries. All the directors of the subsidiaries are from the new board. The nominees were appointed based on the recommendations of the Nominations and Remuneration Committee of IL&FS.