Equitas SFB shares fall after MD and CEO resigns
The bank said in an exchange filing that its managing director and CEO resigned amid a conflict of interest. Shares were quoted at Rs 56.80 on the NSE, down 11% on Thursday.
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10:06:44 AM UTC
SquawkNews
Shares of Equitas Small Finance Bank hit the 20% lower circuit on Thursday after P N Vasudevan resigned as managing director and chief executive officer (MD & CEO), overshadowing a sharp rise in the bank’s September-quarter profit.Shares of the small finance bank plunged 25.3% from the day’s high o…
Equitas SFB shares crashed 11 percent on Thursday after the companyh informed the shareholders through an exchange filing that its MD & CEO resigned amid conflict of interest.Shares of the company quoted at Rs 56.80 per share on the NSE, down 10.82 percent."The Bank has received a letter from Mr. P…