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Shares of Skills and talent development company NIIT LTd slumped as the company CEO has stepped down.
The stock slumped as much as 10.7 per cent to Rs 74.15, its lowest since March 24.
CEO Rahul Keshav Patwardhan has resigned due to personal reasons, NIIT had said in an exchange filing on Friday.
The company has appointed Sapnesh Lalla, who currently heads NIIT's Global Corporate Business, as chief executive, effective August 1.
More than 4.6 million shares traded, over 5 times their 30-day moving average.
The stock had risen about 3.5 per cent this year up to Friday's close.
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