Quess Corp shares tumble 14% on report of likely CEO exit
Chief Executive and board member Suraj Moraje will likely step down due to differences with a promoter, a report said.
By Reuters | Updated:
iStock
BENGALURU: Shares of Indian staffing service provider Quess Corp tumbled 13.7% to an eight-month low after a report said Chief Executive and board member Suraj Moraje will likely step down due to differences with a promoter.
His exit was likely due to differences in strategy between him and promoter Ajit Isaac, business news website Moneycontrol reported late on Wednesday, citing a person familiar with the development.
Quess Corp and Isaac did not immediately respond to Reuters requests for comment.
His exit was likely due to differences in strategy between him and promoter Ajit Isaac, business news website Moneycontrol reported late on Wednesday, citing a person familiar with the development.
Quess Corp and Isaac did not immediately respond to Reuters requests for comment.
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