Quess Corp shares tumble on report of likely CEO exit

The shares hit an eight-month low after a report said Chief Executive and board member Suraj Moraje will likely step down

Representative Image. Credit: iStock Photo

Shares of Indian staffing service provider Quess Corp tumbled 13.7 per cent to an eight-month low after a report said Chief Executive and board member Suraj Moraje will likely step down due to differences with a promoter.

His exit was likely due to differences in strategy between him and promoter Ajit Isaac, business news website Moneycontrol reported late on Wednesday, citing a person familiar with the development.

Quess Corp and Isaac did not immediately respond to Reuters requests for comment.

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