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Rs 1 lakh crore shaved off Tata group cos' m-cap since Mistry's ouster

Investors poorer by Rs 11,000 crore in Tata shares

Ashley Coutinho  |  Mumbai 

Tata group companies have seen a combined market capitalisation erosion of 15 per cent, or nearly Rs 1.16 lakh crore, in the past one month. Retail investors in the group companies have become poorer by about Rs 11,000 crore from the day the sacking of group chairman Cyrus Mistry was announced.

Before the dispute came to light, the Tata group commanded an overall market cap of Rs 8.7 lakh crore; that value is now down to Rs 7.5 lakh crore. Not a single company has been left unimpacted. Maximum value erosion has been seen in TCS, Tata Motors, Titan and Tata Steel. "We are ...

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First Published: Wed, November 23 2016. 23:35 IST