Eicher Motors sinks 3% as CFO Arunachalam tenders resignation

Shares of Eicher Motors dropped 3.3 per cent to the day's low of Rs 3,366 on Friday after the company's chief financial officer (CFO) Kaleeswaran Arunachalam tendered his resignation, which will be effective after September 2. 

Eicher Motors said the appointment of a new CFO in his place would be intimated in due course. Meanwhile, Arunachalam will now join Cromptom Greaves Consumer as CFO, from September 5.

Arunachalam's resignation from the autombile major follows a series of management exits from the company over the last few years.

As per reports, after Royal Enfield's (co's motorbike arm) former Chief Executive Officer