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TCS down 1%, hits 4-month low day after CEO & MD Rajesh Gopinathan resigns

The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.

Tata consultancy services, TCS
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Deepak Korgoankar Mumbai
Shares of Tata Consultancy Services (TCS) hit four-month low at Rs 3,145, down 1 per cent on the BSE in Friday’s intra-day trade after the company’s Managing Director (MD) and Chief Executive Officer (CEO) Rajesh Gopinathan on Thursday decided to step down to pursue other interests. The stock of information technology (IT) major was quoting at its lowest level since October 27, 2022.

In his six years as CEO, TCS added over $10 billion in incremental revenues and over a $70 billion increase in market capitalisation.

The board has nominated K Krithivasan as CEO designate with effect from

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First Published: Mar 17 2023 | 9:41 AM IST

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