Eicher Motors' shares fall by 3% a day after CFO Arunachalam resigns

A day after Eicher Motors' Chief Financial Officer (CFO) Kaleeswaran Arunachalam resigned from his post, shares of the company fell by more than 3% on Friday. At 1:40 pm, shares were trading 3.73% lower at ₹3,352.35 on the BSE. Global brokerage UBS also downgraded the automaker's rating from 'buy' to 'neutral'. Arunachalam will now join Crompton Greaves as CFO.