Vijay Mallya Resigns From Chairmanship of Bayer CropScience

Bayer CropScience Ltd is the Indian subsidiary of the German pharmaceutical company Bayer AG.

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Business
1 min read
Vijay Mallya. (Photo: Reuters)
  • Beleaguered tycoon Vijaya Mallya resigned as chairman of Bayer CropScience Ltd, the Indian subsidiary of the German pharma major Bayer AG, the company said on Tuesday.

  • “We regretfully accept the voluntary resignation of Vijay Mallya as our director and chairman with effect from June 30, 2016,” Bayer CropScience said in a statement.

  • A new chairman will be appointed at its next board meeting, the statement said.

(With inputs from IANS.)

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