Mistry out, investors too out to sell--Tata stocks witness fall
DSIJ Intelligence / 25 Oct 2016
The sacking of Cyrus Mistry has brought goosebumps to Tata stocks on October 25. On the other hand, as per some media houses Shapoorji and Pallonji Group, the majority shareholder in the Tata Group, has termed Cyrus Mistry's ouster from Tata Sons illegal.
The sacking of Cyrus Mistry has brought goosebumps to Tata stocks on October 25. On the other hand, as per some media houses Shapoorji and Pallonji Group, the majority shareholder in the Tata Group, has termed Cyrus Mistry's ouster from Tata Sons illegal. Cyrus Mistry will move the Bombay High Court challenging Tata Sons Ltd.’s decision to remove him from the chairman’s post.
Meanwhile following is the outcome of Tata scrips after Mistry's exit:
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