New India Assurance stock jumps over 5% on appointment of new CMD
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Shares of The New India Assurance Company jumped 5% to Rs 251 in Thursday's trade on BSE after the company announced that it has appointed Girija Subramanian as Chairperson cum Managing Director (MD) of the company. "Department of Financial Services, dated 19th June 2024, has appointed Ms Girija Subramanian as Chairman cum Managing Director of the Company with effect from the date of assumption of charge of the office and up to the date of her attaining the age of superannuation or until further orders, whichever is earlier," the company said in an exchange filing. Girija Subramanian holds a bachelor's degree in Statistics. She is a fellow member of the Insurance Institute of India and an associate member of the Chartered Insurance Institute, London. Subramanian started her career as a Direct Recruit Officer at the General Insurance Corporation of India (GIC Re) in 1988. At 11:10 am, the scrip was trading 3.6% higher at ...