Poonawalla Fincorp Locked In 5% For Second Day After MD Resigns

Shares of the Adar Poonawalla-backed non-banking finance company (NBFC) - Poonawalla Fincorp - were locked in a 5 per cent lower circuit at Rs 163.55 for second straight session after it informed exchanges that its managing director Abhay Bhutada resigned from the board of the company with immediate effect from September 16. Abhay Bhutada ceases to be a Director and Key Managerial Personnel of the Company, Poonawalla Fincorp said in ...