Indian ratings firm ICRA drops after CEO placed on leave

ICRA

02/07/2019 05:04

** Shares of ICRA Ltd  ICRA.NS  fall as much as 4.8% to
one-week low of 3,010 rupees
    ** Ratings agency placed MD & CEO Naresh Takkar on leave
until further notice, it said in an exchange filing late Monday
 urn:newsml:reuters.com:*:nL4N242337
    ** Said Takkar placed on leave pending examination into
concerns raised anonymously that were forwarded to co by India's
market regulator
    ** Shares mark sharpest intraday drop since May 10
    ** Around 2,780 shares change hands by 0400 GMT, 4x the
30-day average

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))