Shares of Cohance Lifesciences Ltd slipped 10% on Wednesday after the company said V Prasada Raju has resigned from the position of Managing Director and Director with immediate effect on October 28. Cohance Lifesciences shares slipped 10.2% to Rs 767.10 against the previous close of Rs 854.50. Market cap of the firm fell to Rs 31,372 crore. Advertisement

Prasada Raju said he resigned due to personal priorities and to "continue his learning journey". Raju will continue till a smooth and orderly transition takes place.

Meanwhile, Cohance Lifesciences has appointed Himanshu Agarwal as Additional Director and Whole-time Director with effect from October 29, subject to approval from shareholders of the company. Currently, Agarwal is the Chief Financial Officer (CFO) at Cohance.

Agarwal's

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