SEAnews 2016-07-03 ArtNo.45802

【Mumbai】It was a sombre mood at the boardrooms of Indian companies with a lot of exposure in Britain and in the European Union (EU). Tata Motors, Tata Steel Europe, Motherson Sumi, Tata Consultancy Services (TCS) and Infosys are expected to face the brunt of Brexit, due to their exposure to the region and volatility in currency values.
○How Brexit wrought carnage for India’s UK linked companies

【Mumbai】Companies with major exposure to the United Kingdom (UK) and the European markets were among the biggest losers during Friday’s trade as investors offloaded their holdings in these companies after Britain voted to leave the European Union.
○How Brexit pushed fund managers into corner, cost India $92 mn

【Mumbai】With the UK deciding to move out of the European Union, foreign portfolio investors (FPIs) on Friday pulled out close to $92.5 million from Indian equities.
　Some market participants FE spoke to said some part of this could belong to funds in the UK.
【News source】

Brexit aftermath: Bear shadow on India Inc

How Brexit wrought carnage for India’s UK linked companies

How Brexit pushed fund managers into corner, cost India $92 mn

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