25th Jan 2008 10:53
Evolvence India Holdings PLC25 January 2008 RNS For immediate release 25 January 2008 Evolvence India Holdings PLC ("EIH" or the "Company") Resignation of Chief Executive Officer The Board of Evolvence India Holdings Plc announces that Jay V. Jegannathan,Chief Executive Officer, is resigning with immediate effect to pursue otherinterests. The Board will manage the operations of the company until a new appointment ismade, which is expected to be announced in the near future. Khaled Al Muhairy, Chairman of Evolvence India Holdings Plc commented: "The Board would like to thank Mr. Jegannathan for the contribution he has madeduring his tenure and we wish him success in his future endeavours. As acompany, we are wholly focused on creating value for our stakeholders bydeveloping and implementing our growth strategy. We remain firmly committed toproviding investors with the ability to participate in the Indian growth storythrough a diversified portfolio without the usual barriers associated withdirect private equity investments." ENDS About Evolvence India Holding (EIH): EIH is an Isle of Man incorporated, private equity fund of funds holding companyfocused on India. EIH is promoted by Evolvence Capital Ltd, a Dubai basedalternative investment firm. EIH invests in India through the Evolvence IndiaFund, the Evolvence India Life Sciences Fund as well as directly viaco-investment opportunities. For more information, please contact: Shilpa Mathai Communications ManagerEvolvence CapitalDubai, UAETel: +971 4 315 8100Mob: + 97150 346 3979Email: [email protected] Jonathan Wright / Parimal KumarSeymour Pierce LimitedTel: +44 (0) 20 7107 8000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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