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August 19, 1997 |
Darbari Seth steps down from ACC boardAs a part of his plans to reduce his corporate involvements, Darbari Seth has stepped down from the board of Associated Cement Companies effective from 14 August 1997. According to a company release, Seth had spearheaded a very successful and rewarding Tata investment in ACC in 1988 and was invited to joint the ACC board. Seth played a major role in the revival of ACC, which rose to great heights. In his letter of N A Palkhivala, chairman of ACC, Seth has stated that it was a matter of great joy and satisfaction to him to have participated in the growth of ACC and he was leaving the board with a deep sense of satisfaction, the release said. UNI |
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