 "The board has appointed Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from August 1, 2020")
Shares of Bajaj Finance tumbled as much as 8.4 per cent from day's high to hit an intra-day low of Rs 3,220 apiece on the BSE on Tuesday after the company informed the exchanges that Rahul Bajaj has decided to step down as the chairman.
The stock, however, partially recovered and ended 4.3 per cent lower at Rs 3,293 per share on the BSE. In comparison, the bechmark S&P BSE Sensex settled 511 points, or 1.4 per cent, higher at 37,930 levels.
"Rahul Bajaj, Non-Executive Chairman of the Company, having been at the helm of the Company since
The stock, however, partially recovered and ended 4.3 per cent lower at Rs 3,293 per share on the BSE. In comparison, the bechmark S&P BSE Sensex settled 511 points, or 1.4 per cent, higher at 37,930 levels.
"Rahul Bajaj, Non-Executive Chairman of the Company, having been at the helm of the Company since
