The MD of Escorts, Anil Nanda, resigns.

Anil Nanda resigned from his position as managing director of Escorts Ltd. on Monday. According to a business representative, Nanda’s resignation was accepted by the board. He will, however, continue to serve as the company’s vice-chairman and director. In addition, the company’s shareholders recently accepted the delisting of its stocks from the Bangalore, Calcutta, Ahmedabad, and Madras Stock Exchanges.

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