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Mr R. Kannan, Managing Director and Director, Shriram City Union Finance, has resigned. This was effective June 5 and the company's board approved the same.
Mr R. Duruvasan has been appointed as an additional director and appointed as the Managing Director with effect from today, according to a company communication to the Bombay Stock Exchange.
On the BSE, the company's stock price closed at Rs 590, down by Rs 15 or 2.48 per cent over previous day's closing price.
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