Chanda learned of Dhoot joining NuPower board after his exit: Spouse


Chanda learned of Dhoot joining NuPower board after his exit: Spouse
Deepak Kochhar, promoter of NuPower and husband of ICICI Bank MD & CEO Chanda Kochhar, denied media reports quoting him as saying that inviting Videocon chairman Venugopal Dhoot to join NuPower’s board was a mistake.

He also said Chanda Kochhar learned of Dhoot’s entry only after the Videocon promoter quit the board within 22 days of joining. “I have never said that inviting Mr Dhoot as a director was my biggest mistake and I have issued a clarificatory statement,” said Deepak Kochhar. “There was no joint venture (with Dhoot). He was invited as a director because of his experience with Solar Energy,” he said.

He added that the only money brought in by Dhoot was a Rs 2.5 lakh investment, which he exited within 22 days. When asked about investment through companies like Supreme Energy, he said he didn’t want to comment as the matter was under investigation. Read More

Leave a Reply

Your email address will not be published.