DLF Ltd. said Dec. 12 that CFO Saurabh Chawla resigned to pursue new professional opportunities.

Chawla's resignation ends a 12-year tenure with the Indian developer.

Ashok Kumar Tyagi, a whole-time director of the company who was group CFO until December 2017, will replace Chawla. The transition of the role to Tyagi is expected to wrap up by the end of January 2019.