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Mistry's Ouster Wipes Out Rs 19,400 Crore In Market Value Of Top 5 Tata Firms
Cyrus Mistry's surprise removal has shocked markets participants Deleveraging efforts of Tata group will be impacted, say analysts TCS suffered the biggest drop in market cap among Top 5 Tata firms
26 Oct 2016, 04:30 PM IST 
Cyrus Mistry's ouster may distract Tata Group from its efforts to trim debt, say analysts.
Just the top five listed companies of the Tata group in terms of market value have lost nearly Rs 19,400 crore in two trading sessions since Cyrus Mistry was removed from the post of chairman of Tata Sons, the holding company of India's biggest conglomerate.
Mr Mistry's surprise removal has shocked markets and shares of most Tata companies have shown a decline in the last two days.
The ouster of the 48-year-old Mr Mistry and the d...
