US EditionPNB Housing Finance Share Price Crashes 17% as MD and CEO Resigns. How to Trade Now?
MUMBAI, INDIA, JUL 31 – PNB Housing Finance shares dropped nearly 17% after CEO Girish Kousgi resigned to pursue other career goals, despite recent 23% quarterly profit growth, analysts said.
- On Friday, August 1, 2025, PNB Housing Finance's board accepted Managing Director and Chief Executive Officer Girish Kousgi's resignation, effective October 28, 2025.
- On July 28, 2025, Girish Kousgi tendered his resignation, citing plans to pursue career goals outside the organisation.
- Initially, PNB Housing Finance shares plunged 16% to Rs 838.3 on the BSE and later fell further to Rs 809.10.
- The board committed to a transparent, merit-based hunt for a new CEO soon, with R Chandrasekaran saying the process will be rigorous and merit-based.
- Market experts cautioned that investor sentiment may suffer, as brokerages warned Kousgi's resignation could act as a headwind for shares.
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PNB Housing Finance stock tanks 16 pc
Mumbai: After the PNB Housing Finance board approved resignation of its MD and CEO Girish Kousgi, the company’s shares fell by 16 per cent during the intra-day trade on Friday. The shares touched the lower band at Rs 838.3 per share on BSE and got locked in the lower circuit. At 9.28 am, PNB Housing shares were trading 10 per cent lower at Rs 887.6 per share. In the earnings call after the June quarter results, Kousgi said PNB Housing Finance wa…
PNB Housing Finance Share Price: Stock hits lower circuit as MD and CEO Girish Kousgi quits
Shares of PNB Housing hit a lower circuit on Friday, August 1, 2025 after Managing Director and Chief Executive Officer Girish Kousgi resigned. The counter opened with a loss of 9.84 per cent at Rs 887.60 against the previous close of Rs 986.20 on the BSE. The counter dipped further to hit the lower circuit of Rs 838.30. Later, it touched a low of Rs 809.10, representing a loss of 17.95 per cent from the closing price of the last trading session…
PNB Housing Finance shares slide 10 percent on MD and CEO Girish Kousgi's exit
During his tenure, Kousgi drove innovation and strategic evolution, and aligned the company with customer-centric solutions. The board appreciated Kousgi's leadership and mentorship through his tenure and wished him best for his future endeavours.
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