Profit

SpiceJet stock plummets as CEO quits

PUBLISHED ON: July 14, 2008 | Duration: 1 min, 45 sec

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SpiceJet's new investors may be seeking their own pound of flesh for putting money into the company and the first to feel the heat is likely to be the top management. The news of SpiceJet's Chief Executive Officer Siddhanta Sharma quitting from the post grounded Spicejet's shares, which lost 14 per cent in Monday's trading to around Rs 28, the maximum in almost two years.
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