Tata group which is one of the biggest foreign investors and employers in the UK is now reviewing its strategy and operations in the country after Britain voted to leave the European Union.
This salt-to-software giant company has a number of 19 companies in the UK which employees more than 60,000 people. The Britain exit known as ‘Brexit’ has already started creating problems for the $109 billion company.
Tata Motors
Shares of Tata Motors, Tata Steel and TCS went down by 8%, 6% and 3% respectively this Friday in a weak Indian market.
This made the Tata group loose Rs30,000 crore in a single day in market capitalisation.
The change of UK government could be a setback for Tata Steel’s UK unit sale as David Cameron government had committed to take a 25% stake in the beleaguered unit and also offered a financial support of millions of pounds.
