GlaxoSmithkline (GSK) Consumer Healthcare is trading lower by 3.5% to Rs 3,935 extending its previous day’s 3% fall after the packaging foods maker said its chairman, Simon Scarff, has expressed his wish to step down from April 30, 2013.
“During the company’s board meeting held on Tuesday, Simon Scarff, chairman of the board of directors, has expressed his desire to step down as the chairman of the company with effect from close of business hours on April 30, 2013,” GSK Consumer Healthcare said in a filing to the BSE.
The company markets various brands in India including Horlicks and Crocin.
The stock opened at Rs 3,925 and hit a low of Rs 3,915 on NSE. A combined around 2,260 shares have changed hands on the counter till noon deals on NSE and BSE.
“During the company’s board meeting held on Tuesday, Simon Scarff, chairman of the board of directors, has expressed his desire to step down as the chairman of the company with effect from close of business hours on April 30, 2013,” GSK Consumer Healthcare said in a filing to the BSE.
The company markets various brands in India including Horlicks and Crocin.
The stock opened at Rs 3,925 and hit a low of Rs 3,915 on NSE. A combined around 2,260 shares have changed hands on the counter till noon deals on NSE and BSE.
