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CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns

The board has accepted the resignation of Ajay Mahajan as the MD & CEO of the company due to personal reasons.

Ratings, credit rating agency
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SI Reporter Mumbai
Shares of CARE Ratings slipped 13 per cent to Rs 475.35 on the BSE on Wednesday, on the back of heavy volumes. The slump comes after the resignation of Ajay Mahajan as the Managing Director and Chief Executive Officer (MD & CEO) of the company due to personal reasons.

The stock of ratings company traded close to its 52-week low of Rs 474.95 that it had touched on April 27, 2021. Earlier, it had hit a 52-week high of Rs 791.15 on July 2, 2021. At 10:02 AM; the stock was down 12 per cent at Rs 481.50, as

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