Tata Group shares fall up to 4% after Cyrus Mistry's letter
The shares of Tata Group companies including Tata Steel, Tata Motors and Indian Hotels, fell by up to 4% on Wednesday after ousted Chairman Cyrus Mistry wrote a letter to the Tata Board. In his letter, Mistry has reportedly said the Tata's unprofitable businesses may cost the group $18 billion. Mistry has termed his exit "unique in corporate history".