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Tata Communications Names Ganapati S. Lakshminarayanan MD & CEO for Five-Year Term

Shares rose up to 8% on the news, with the move pending a shareholder vote.

On Wednesday, the Tata Group stock was trading 6.54% higher at Rs 1752.30 per share on BSE, up from the previous close of Rs 1,644.80 apiece. (image: AI generated / Tata Group logo)
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Overview

  • The appointment, which took effect Wednesday, runs through May 19, 2031 subject to a shareholder vote.
  • The board acted on a Nomination and Remuneration Committee recommendation and also named him an Additional Director.
  • Company filings say he has no family or business ties to the board and faces no restrictions from SEBI or any authority.
  • The stock touched an intraday high of Rs 1,784.75 after jumping as much as 8.5% and held gains of roughly 6–7% in trade.
  • Lakshminarayanan brings 30 years of experience, including leading ServiceNow in India and SAARC and serving as CEO of Airtel Business India, a background investors expect can support the company’s growth plan.