Who was appointed as the managing director of Infrastructure Leasing & Financial Services Limited (IL&FS)?

The non-executive director of IL&FS (Infrastructure Leasing & Financial Services), Chandra Shekhar Rajan has been appointed as managing director of IL&FS. He will succeed Vineet Nayyar, who will be the executive vice chairman.This decision was taken under the chairmanship of Uday Kotak at the board meeting.Bijay Kumar was appointed as deputy managing director.The total outstanding debt of IL&FS is Rs 94,216 crore, and out of this Rs 48,470 crore is in the four holding companies IL&FS, IL&FS Financial Services, IL&FS Energy Development Company Ltd and IL&FS Transportation Networks Ltd.