Tata Steel faces Brexit heat; scrip falls 11%

Tata Steel faces Brexit heat; scrip falls 11%

24/06/2016 10:32

Shares of Tata Steel tumbled nearly 11 per cent amid rising concerns that its UK assets sell face the uncertainty as Britain votes to exit the European Union. As per BBC report, Britain voted to leave the European Union.

Reacting to the news, shares of steel maker declined as much as 10.89 per cent in intra-day trade to trade at Rs 297.40 a piece on Bombay Stock Exchange.

In a similar fashion, stocks of the company fell 9.51 per cent to Rs 302.20 apiece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,016.05, down 986.17 points, or 3.67 per cent, at 10:25 hours.

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