Tata Steel records sharpest intra-day fall since November 2016; slips 8%

Tata Steel slipped 8 per cent to Rs 480 on the BSE in intra-day deal on report that the company's joint venture (JV) with Thyssenkrupp may fail as the deal is yet to be approved by European regulators who have expressed concerns about its impact on competition.

The stock recorded its sharpest fall since November 15, 2016, when it dipped 8.3 per cent during intra-day trade on the BSE.

The two companies had struck a deal last year to combine their European steel units to create Europe's second-largest steelmaker after ArcelorMittal. CLICK HERE TO READ