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Tata Communication shares dipped 4 per cent to Rs 455 apiece on the BSE during the early morning trade on Wednesday after the firm’s managing director and chief executive officer (MD & CEO), Vinod Kumar, resigned citing personal reason. The stock was quoting close to its 52-week low of Rs 436 touched on October 26, 2018 on the BSE in intra-day trade.
“Vinod Kumar has submitted his resignation as the managing director & group CEO of the company, and as a director of the company and its associated companies for personal reasons,” Tata Communication said in a regulatory filing.
Kumar,
