Strides Arcolab, Bangalore-based pharmaceutical products manufacturer, informed the exchanges today that Dr. Ronald Ling, a non-executive director on the board of the company has resigned. His resignation is effective since yesterday, that is, October 14.
Post this announcement, the company’s shares lost Rs 4.05 or 0.97 per cent and were trading at Rs 414. The overall Sensex too shed 198.73 points and was at 20,298.