Sanjay Kapoor is stepping down as chairman of Micromax, a little over a year after joining the country's No. 2 handset maker. "Mr Sanjay Kapoor has decided to move on," the company said in an email to ET. Several people aware of the matter said his departure stemmed from differences with promoters over strategy. Micromax didn't elaborate on the reasons for Kapoor leaving. "Appropriate announcements will be made in due course," the company said in its email.
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