CURRENT AFFAIRS

Detailed explanation-1: -Pratik Pota is appointed as managing director and chief executive officer of Eureka Forbes for a term of five years with effect from 16 August 2022.

Detailed explanation-2: -Private equity player Advent International on Monday announced the appointment of Pratik Pota as the CEO and MD of its portfolio company Eureka Forbes.

Detailed explanation-3: -Pota, who has been appointed for a period of five years will lead the Aquaguard water purifier maker as its Managing Director & CEO, according to a filing to the exchanges on Monday.

Detailed explanation-4: -Pratik Pota is the current Managing Director and CEO of Eureka Forbes. He previously worked at Jubilant Foodworks Ltd. as a Chief Executive Officer. Pratik Pota attended Indian Institute of Management, Calcutta.

Detailed explanation-5: -Advent International backed Lunolux acquired 1.68 crore equity shares of Eureka Forbes constituting 8.7 per cent of the equity share capital of Eureka Forbes from Shapoorji Pallonji and Company on July 12, 2022, said a regulatory update by the manufacturer of the vacuum cleaner and water purifier.