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Ashok Leyland shares down by 8%, after MD & CEO Vinod K Dasari quits

In the interim, the company's Chairman Dheeraj Hinduja will oversee the responsibilities as Executive Chairman

Ashok Leyland MD Vinod K Dasari
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Ashok Leyland MD Vinod K Dasari expects the new initiatives to fetch Rs 1,000-crore revenue in 3-5 years

T E Narasimhan Chennai
Ashok Leyland shares declined by eight per cent after the resignation of the company's Managing Director and CEO Vinod K Dasari. He had joined Ashok Leyland as Chief Operating Officer (COO) fourteen years ago and took over as the MD seven years back.

Company's share was trading at Rs 110.25 a share, down by Rs 8.80 or 7.39 per cent on Wednesday morning.

On Tuesday Dasari announced his decision to quit as Managing Director and Chief Executive Officer of Ashok Leyland after nearly 14 years in the company. He has decided to pursue his personal interests.

In the interim, the