Azure Power CEO quits, stock sinks 41% on the NYSE
Mumbai: Shares of NYSE-listed Azure Power Global, an India-focus renewable power company, plummeted 41% in Monday morning trade – its biggest intra-day fall since its 2016 listing – after the company announced Harsh Shah has resigned as the CEO of the company within two months of joining. Shah had succeeded Ranjit Gupta as chief executive officer and a member of the board, and Murali Subramanian as president, who joined the company in 2019 after the original founder Inderpreet S. Wadhwa exited the very company he founded and became chairman.
