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Tata Stocks Wilt For Third Day; Indian Hotels, Tata Tele Slump After Mistry's Letter

Cyrus Mistry warned that the Tata Group faces a writedown of about $18 billion on many companies.
Cyrus Mistry warned that the Tata Group faces a writedown of about $18 billion on many companies.
Shares of most of the Tata group companies came under pressure for the third day in a row as the surprise removal of Cyrus Mistry as head of the conglomerate continued to impact the sentiment in the group's stocks.  In another development, stock exchanges BSE and NSE have asked six listed Tata companies - Tata Motors, Tata Steel, Indian Hotels, Tata Teleservices, Tata Communications and Tata Power - for a clarification, after Mr Mis...
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