Outlook Business Desk
The company said its CEO Thierry Delaporte had resigned on April 6. The company's share price stood at Rs 485 after declining by 0.49 per cent on Friday.
The company's board has approved issuance of equity shares worth Rs 2,075 crore to its promoter Aditya Birla Group. Its shares closed on a flat note at Rs 13.35 on Friday.
The bank announced that its MD and CEO Chandra Shekhar Ghosh will retire after his tenure ends on July 9. Its shares closed at Rs 197.40 on Friday after declining 0.28 per cent.
The company has informed boards of plan to streamline management and rationalise workforce by 15 per cent. Its shares declined by 0.52 per cent on Friday to close at Rs 152.25
The company said its revenue grew 17 per cent in the March quarter compared to the year ago period. Its shares recorded a 0.74 per cent decline on Friday to end the day at Rs 3,754.65