Private lender Yes Bank has appointed Shagun Kapur Gogia as additional director to the board of the bank with immediate effect.
The appointment of Shagun Kapur Gogia as an additional director (non-executive, non-independent on the board will be with effect from April 26, 2019, and would be subject to the approval of shareholders at the next Annual General Meeting, Yes Bank said in a statement on Friday.
Shagun is the daughter of Madhu Kapur and the late Ashok Kapur, who co-founded Yes Bank along with Rana Kapoor.
Madhu has been fighting a legal battle with her brother-in-law Rana for a board seat for her daughter. The appointment comes after a truce between the two factions.
Shagun began her career with Rabo Finance India where she worked in the corporate finance team and in M&A and private equity placements in IT, BPO and biotech.
She is also the founder and managing director of Tuscan Ventures. She has more than 20 years of experience in general and financial management of corporate bodies.
First Published: IST