India, Nov. 11 -- Shares of Britannia Industries Ltd fell sharply on Tuesday, plunging nearly 7% after the company announced the resignation of its Vice-Chairman, Managing Director and CEO, Varun Berry, who has led the FMCG major for over a decade.
The stock declined 6.7% to Rs 5,721.70 on the BSE and Rs 5,723 on the NSE, marking one of its steepest single-day falls in recent months.
The broader market also traded weak, with the BSE Sensex slipping 320.54 points (0.38%) to 83,214.81, and the NSE Nifty dropping 99 points (0.39%) to 25,475.35.
Berry's exit marks a significant leadership change at Britannia, a key player in India's packaged food sector known for its flagship biscuit and dairy brands.
Published by HT Digital Content Service...