Mumbai: Vynsley Fernandes has been inducted as an additional director on the board of Hinduja Global Solutions Ltd. (HGSL) in line with the transfer of the media & communications business from NxtDigital Ltd. (NDL) to HGSL.
He will continue as the chief executive officer (CEO) of the media & communications division at HGSL, including the portfolio ranging from digital television via satellite (HITS) and cable to broadband, content syndication, and teleshopping.
Whole-time director and chief financial officer Amar Chintopanth will continue to lead the top management of NDL under the able guidance and leadership of the board of directors.
Following receipt of the final sanction and approval from NCLT, the media & communications business undertaking of NxtDigital Ltd. (NDL), including the assets and liabilities together with the subsidiaries, was transferred to Hinduja Global Solutions Ltd. (HGSL).
As a result, he has resigned from his role and board position at NxtDigital Ltd.
The new NDL will focus on the next phase of reorganisation with the intention of maximising the value of its shareholders, taking the necessary regulatory and other preparatory actions.