Indiabulls Housing Finance's top management takes 35% paycut
The senior management of Indiabulls Housing Finance has taken a voluntary pay cut of an average of 35 per cent for the financial year 2020-21 to reduce expenditure of the company amid the coronavirus crisis. In a regulatory filing, the company said that its Chairman Sameer Gehlaut has taken a 100 per cent salary cut and its MD and CEO Gagan Banga has opted for a 75 per cent cut.
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