Tata group has lost Rs 75,000 crore of market capitalisations since Mistry's exit. Chandrasekaran’s first day wasn’t of much relief
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The day N Chandrasekaran got appointed as Tata Son's chairman, about Rs 20,000 crore of investor wealth in It wasn’t a good day for Tatas. A 4% decline in
"Running a software business is very different from the other businesses the Tata group is into. He ran TCS on a clean slate and was successful in turning it into a large company, but now the story is very different. Given what has happened to his predecessor, it is unlikely he will be able to take any hard decisions,, said a senior fund manager at a foreign asset management company,” analysts told ET.
Tata group has lost nearly Rs 75,000 crore of market capitalizations since former chairman Cyrus Mistry's exit. The current market capitalisation of Tata group is '9.58 lakh crore.
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