Shares of Infosys dipped over 1 per cent on the Bombay stock Exchange after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post.
“The company has appointed Karmesh Vaswani as the Global Head of Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing, to replace Sandeep Dadlani, President and Head-MRCL, who will be leaving the company,” Infosys said in a filing to BSE.
Weighed down by the development, shares of the company declined as much as 1.26 per cent to hit an intra-day low of Rs 952.90 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 943.15 against previous close price of Rs 952.30.
In a similar fashion, stocks of company were trading 0.96 per cent lower at Rs 943.00 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 31,073.77, down 1.96 points or 0.01 per cent, at 11:40 hours.