DB Realty’s 15% shares slipped with Blawa’s quit

Shahid Balwa has resigned from the post of DB Realty Managing Director’s post, for being probed by the CBI for his alleged involvement in 2G spectrum scam. On Saturday, the company has accepted the resignation offered by Balwa on February 9, citing his “preoccupations relating to certain investigations”, DB Realty said in a notice to BSE on Monday. Currently, DB Realty Joint Managing Director Vinod Goenka is leading the board of the company. DB Realty shares slipped nearly 15% to a new low of 100 on BSE on last Monday.

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