Jagdish Capoor new chairman of BSE

Mumbai, June 25 (UNI) The Board of Directors of the Bombay Stock Exchange (BSE) today elected Mr Jagdish Capoor as the new chairman, following the resignation of Mr Shekhar Datta.

The Board of Directors met today and formally took note of the resignations of Mr Datta and Mr Jamshyd Godrej as Directors of the Exchange, due to personal reasons.

The BSE in a release denied various speculations appearing in the media about the resignation of Mr Datta and Mr Godrej.

While Mr Godrej had gone on record stating that he was stepping down as he could not give adequate time to the BSE, Mr Datta's resignation was linked by a section of the media, to the hyper northward movement seen in the Ranbaxy scrips last week, even as the sensitive index was taking a huge negative toll.

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