Campus Activewear’s CFO resigns, effective June 10

Campus Activewear’s Chief Financial Officer Raman Chawla has resigned with effect from June 10, the company said on Saturday, adding that it was in the process of appointing a replacement.

Also read: “Feeling light and happy”: Rajesh Gopinathan after resigning as CEO of TCS

The footwear and athleisure wear manufacturer had listed its shares in May last year. While it had listed at a premium to its issue price, shares of the company have been underperforming the broader market, depreciating nearly 42 per cent over the last 180 days, while the Nifty500 has fallen a mere 1.8 per cent in the same period.

Last week, TPG Growth III SF Pte Ltd sold its entire 7.62 percent stake in Campus Activewear.