With IPO enroute Lodha appoints ML Bhakta on its Board

Bar & Bench September 23 2009

Lodha Developers Ltd., the country's premier real estate developer, has appointed Mansingh L. Bhakta [pictured], Managing Partner of Kanga & Co, on its Board as an Independent Director. Bhakta, one of India's most respected lawyers, was one of Reliance Industries' founder-directors, and has been on the Board since 1977. Lodha Developers has plans to raise an IPO in the course of the year, and this move may strengthen its Board profile. Bhakta is also on the Board of Ambuja Cements Limited, Micro Inks Limited, and JCB India Limited.

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