Cyrus Mistry's exit from Tata costs LIC ₹2,470 crore 
Since the ouster of Tata Sons' Chairman Cyrus Mistry last month, the LIC's stake in 11 Tata Group companies has fallen by over ₹2,470 crore. LIC is the single largest institutional investor in the group. Tata's Interim Chairman Ratan Tata had met LIC's Managing Director VK Sharma after Mistry's ouster to reportedly soothe any concerns that LIC might have.