After MD and CEO Naresh Takkar was forced to leave the ICRA company fell almost 9%

Shares of ICRA, the rating agency fell almost 9 per cent intraday on July 2 after the company decided to force MD and CEO Naresh Takkar on leave.

The stock closed at Rs 3,050.10, down Rs 168.25, or 5.23 per cent on the BSE.

The company said, Board members decided to place Naresh Takkar on leave, effective immediately, until further notice and board also decided to designate Vipul Agarwal, as Interim Chief Operating Officer (COO) apart from his role as Group Chief Financial Officer, is effective from July 1.

The company said Agarwal will be responsible for maintaining ICRA ratings and non-ratings businesses. The senior executives of ICRA and its group will be reporting to him.

Shares of rating agency ICRA fell almost 9 per cent intraday on July 2 after the company decided to force MD & CEO Naresh Takkar on leave.

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