Ex-Nabard chief to head Kalpataru Power Transmission

Shree Shubham logistics, co-promoted by Bafna family, has appointed 62-year-old Dr Prakash Bakshi, the former Chairman of Nabard as Managing Director. Aditya Bafna, Executive Director of Shree Shubham logistics, a subsidiary of public listed Kalpataru Power Transmission, has put in his papers. 

The exit of Bafna comes when the company is gearing up to launch its initial public offering to raise `210 crore. Sebi approved its application in June. 

Incidentally, Bafna along with his brother Shubhendra Kumar Bafna hold minority stake in the company. The proposed IPO provides a part-exit for private equity investor Tano Capital which has offered to offload 70 lakh shares.