India's Coforge drops 7% after chairman resigns due to board evaluation concerns
India's Coforge drops 7% after chairman resigns due to board evaluation concerns Sept 9 (Reuters) - Shares of Indian IT services firm Coforge COFO.NS fell more than 7% on Wednesday after Chairman Om Prakash Bhatt resigned following concerns raised by an internal audit over the company's board evaluation process.
Shares were down 7.12% at 1,809.20 rupees, as of 9:16 am IST.
(Reporting by Surbhi Misra in Bengaluru; Editing by Janane Venkatraman)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on Coforge
See all newsIndia's Coforge joins SpaceX partner network to deploy Grok AI tools for enterprises
India's Coforge posts strong quarterly growth on Encora integration, deal momentum
Brief: Coforge Q2 Consol Net Profit 5.88 Billion Rupees
India's IT stocks climb as moderate US inflation eases Fed rate hike fears
AI pressure, client caution cloud Indian IT earnings in September quarter