BSE, NSE seek clarification on Mistry's $18 bn loss claim
Leading bourses BSE and NSE have sought clarification from Tata Group companies, following Cyrus Mistry's claim that the group faces an $18 billion loss in value. The exchanges have asked the companies, including Tata Motors and Tata Steel, to provide full details about these issues. This follows Mistry, who was replaced as Tata Chairman, criticising the decision in a letter.