Change of Directors
26 Septembre 2007 - 4:28PM
UK Regulatory
RNS Number:5427E
DEV Property Development PLC
26 September 2007
Dev Property Development plc
Change of Directors
Dev Property Development plc, (the "Company"), a company investing in Indian
real estate, today announces that Sameer Gehlaut, a Non-Executive Director,
wishes to resign from the Board with immediate effect. The Board would like to
thank Sameer for his contribution to the Company since inception.
The company also wishes to announce the appointment of Tarun Tyagi to the Board
of the Company as a Non-Executive Director.
Tarun Tyagi, aged 34, is the Chief Financial Officer of Indiabulls Real Estate
Limited. He holds a degree from the Indian Institute of Technology, Delhi, and
has graduate degrees from Columbia University and University of Illinois at
Urbana-Champaign. Previously, he worked with Credit Suisse in New York where he
traded fixed income derivatives in residential mortgage, commercial mortgage and
asset backed securities. He has also worked for Goldman Sachs in New York where
he provided strategic investment advice to institutional clients such as pension
funds, foundations and endowments. Tarun Tyagi, holds or has held the following
directorships over the previous five years:-
SN Name of the Company Whether Mr. Tarun
Tyagi is still a
Director
1 Indiabulls Properties Private Yes
Limited
2 Sepset Real Estate Limited No
3 Apesh Properties Limited No
4 Citra Real Estate Limited No
5 Sepset Properties Limited No
6 Sepset Constructions Limited No
7 Varali Constructions Limited No
8 Varali Real Estate Limited No
9 Varali Properties Limited No
10 Apesh Real Estate Limited No
11 Apesh Constructions Limited No
12 Citra Properties Limited No
Rishi Khosla, Chairman of Dev Property Development plc, said: "We are excited to
have Tarun Tyagi join the board of Dev Property Development. He has extensive
knowledge of the company's developments and the Indian real estate market. This,
combined with his academic and professional background, will be an asset to the
company."
There are no further disclosures to be made in relation to Tarun Tyagi under
schedule 2(g) of the AIM Rules for Companies.
For further information, please contact:
Anne Couper Woods
Company Secretary
Dev Property Development plc
Top Floor
14 Athol Street
Douglas
Isle of Man IM1 1JA
This information is provided by RNS
The company news service from the London Stock Exchange
END
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