Den Networks extends fall as CEO resigns; stock down over 9%

Shares of Den Networks plunged over 9 per cent today, extending its downtrend for the third consecutive session, after its Chief Executive Officer resigned due to personal reasons with immediate effect.

Stock of the broadcasting and cable TV operator lost 8.90 per cent to settle at Rs 127.40 on the BSE. During the day, it tanked 9.4 per cent to Rs 126.70.

At the NSE, the scrip slumped 9.40 per cent to end at Rs 126.70.

Den Networks Ltd had informed BSE on Monday that S N Sharma, Chief Executive Officer (CEO) of the company, has resigned due to personal reasons with immediate effect.
 

Since Monday, the stock has fallen by over 14 per cent.

Meanwhile, in the broader market, the benchmark Sensex fell by 296.02 points to settle at 26,271.97.