Axis Capital did not immediately respond to a Reuters request for comment. Negandhi declined to comment.
(Reporting by Sriram Mani and Aditya Kalra; Editing by Shweta Agarwal)
By M. Sriram and Aditya Kalra
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1,174 INR | -1.10% | +0.24% | +6.48% |
12:35pm | Indian Equities End Higher, Buoyed by Positive Global Cues Due to US Inflation Data | MT |
11:04am | Axis Bank's Compliance Chief Exits; Successor Named | MT |
NEW DELHI (Reuters) - Indian lender Axis Bank's investment banking unit Axis Capital's co-Chief Executive Officer Chirag Negandhi has resigned, two sources with direct knowledge of the matter told Reuters, adding that the firm is likely to tap outside candidate for the role. Negandhi's departure was communicated internally on Friday, the first source said. He spent more than 13 years at the Axis' investment banking unit and would continue for three more months, the source added. Axis Capital, one of the country's biggest investment banking firms, has been a part of some successful initial public offerings over the past year, including Cyient DLM, Mankind Pharma and Bikaji Foods.
Axis Capital did not immediately respond to a Reuters request for comment. Negandhi declined to comment.
(Reporting by Sriram Mani and Aditya Kalra; Editing by Shweta Agarwal)
By M. Sriram and Aditya Kalra
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,732 PTS | -0.89% | -0.92% | - | ||
2,240 INR | +0.68% | +3.89% | 10.68B | ||
1,907 INR | +1.26% | +5.85% | 2.5B | ||
1,174 INR | -1.10% | +0.24% | 43.96B | ||
704.2 INR | +1.32% | +10.65% | 2.11B | ||
686.5 INR | +1.43% | +4.95% | 643M | ||
69.58 USD | -1.02% | -3.67% | 5.89B | ||
1st Jan change | Capi. | |
---|---|---|
+6.48% | 43.96B | |
+12.60% | 550B | |
+17.05% | 308B | |
+13.09% | 249B | |
+16.42% | 200B | |
+18.49% | 178B | |
+25.17% | 168B | |
+6.59% | 161B | |
+8.08% | 150B | |
-7.52% | 143B |