Equitas SFB Shares Drop 27% After CEO PN Vasudevan Resigns
Equitas Small Finance Bank shares fell sharply by over 27% in two days following the sudden resignation announcement of CEO and founder PN Vasudevan. He cited a perceived conflict of interest involving his daughter's NBFC as the reason. The stock lost more than Rs 2,000 crore in market value, closing at Rs 47.32 after a 17% drop on Friday, extending losses from Thursday's 12% fall.
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