If Akula leaves the company, it will be the second high-profile departure after the exit of Suresh Gurumani, former chief executive of SKS, last year. There is also speculation the micro-lender will appoint P H Ravikumar, a board member of SKS and head of Invent Assets Securitisation and Reconstruction, as the non-executive chairman.
The stock that touched Rs 1,491 in September last year is now a shadow of its former self at Rs 112.
Earlier in the day it touched a low of Rs 105 - down 5.4% from the previous close. The counter has seen hefty trade volumes with 1,66,000 shares being traded so far on the BSE, as against a two-week average of 1,62,000 shares.