On Wednesday previous managing chief of Tata Finance Dilip Pendse comitted suicide in Dadar East, Mumbai.
61-year old Pendse apparently hung himself from a roof fan at his office.
The asserted suicide was affirmed by Senior police inspector of Matunga Police station Balasahab Kakad, as indicated by a leading newspaper.
The episode allegedly occurred between 9:30 AM and 2:30 PM at his office in a building named ‘Illustrious Breeze’.
A suicide note found at the spot cited ‘personal reasons’ as the reason for suicide.
Mumbai matunga police have enrolled an Accidental passing report (ADR) and are exploring the case.
The previous Tata group executive had been entangled in discussion for quite a while.
Prior, on June 22, Sebi had banned Pendse and three others from the capital market for manipulations at the time of the organization’s correct issue in 2001.