Sunil Mittal to step down from StanChart board | business | Hindustan Times
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Sunil Mittal to step down from StanChart board

business Updated: Jul 15, 2009 09:35 IST

Reuters
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The chairman of Bharti Airtel, India's leading mobile operator, will resign from the board of Standard Chartered with effect from July 31, according to a company statement on Tuesday.

Sunil Bharti Mittal, who has been a non-executive director of Standard Chartered since August 2007, said he was resigning as he found it difficult to balance involvement with Bharti Enterprises with his role of a bank board member.

Bharti Enterprises is the unlisted parent of Bharti Airtel.

Standard Chartered is advising Bharti in a deal that could lead to a merger with South Africa's MTN Group, creating the world's No. 3 wireless group with more than 200 million subscribers and combined revenue of $20 billion.