India's eMudhra falls after exit from website security business
Today 09:46
BUZZ-India's eMudhra falls after exit from website security business ** Shares of digital security firm eMudhra EMUD.NS fall 2.3% to 337 rupees, on track for its lowest close since May 2023
** Co on Thursday said it would exit its business of issuing security certificates for websites, which accounts for about 1% of its revenue
** The decision came after major browser makers including Google GOOGL.O and Apple AAPL.O blocked it for vulnerabilities that sparked worldwide cybersecurity concerns
** On Wednesday, the Indian Computer Emergency Response Team issued an advisory stating compromise of some of eMudhra's intermediate certificates
** The stock fell 36% in 2 days following the advisory
** YTD, the stock is down 40.6%
(Reporting by Aishwarya Jain in Bengaluru)
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