Mumbai: After a gap of eight years, Deena Mehta, who was the first woman president of the Bombay Stock Exchange (BSE) in 2001, will return to the board of directors of Asia’s oldest stock exchange. She will replace Siddharth Shah, who is retiring from the board. The appointment will likely be formally announced on Friday, after elections for the position of designated director that is currently held by Shah are held.
“I am contesting the election. The result will be known on Friday,” Mehta, 47, said. “It’s been six-seven years. After demutualization, the brokers do not have a business development role any more. Ours will be an advisory role.”
A BSE spokesperson, who declined to be identified, said the board has received only one nomination for the position, leaving Mehta with a clear shot.
Mehta is currently the managing director of Asit C. Mehta Investment Intermediaries Ltd.