LIC MF appoints Dinesh Pangtey as CEO

LIC MF appoints Dinesh Pangtey as CEO Mumbai, May 9 (PTI): LIC Mutual Fund has appointed Dinesh Pangtey as its chief executive officer. Prior to this, he was chief executive at the sister concern LIC HFL AMC. Pangtey joined parent LIC in 1984 and has experience in private equity, life, pension, group superannuation scheme and insurance sector.

************** ECL Finance to raise Rs 300 cr via NCDs Non-banking financial company ECL Finance is looking to raise up to Rs 300 crore via an NCD issue, whose base size is Rs 150 crore. The NCDs are offering an effective yield of 9.90 percent per annum for 24 months tenure, 10.20 percent per annum for 39 months tenure, up to 10.42 percent per annum for 60 months tenure and 10.42 percent for 120 months tenure, the company said, adding the issue opens on May 10 and closes on June 7.

************** Tork Motors hires Yamaha's Roy Kurian as sales head Electric motorcycle maker Tork Motors has appointed Roy Kurian, senior vice-president of sales and marketing at Yamaha India as the head of sales and marketing for its flagship electric bike T6X. Besides focusing on the launch of electric bike T6X, which is expected to take place soon, Kurian will also focus on strategic tie-ups, marketing and distribution of the forthcoming models, the company said.