Shares of Tata Steel fell over 1 per cent in trade on Friday amid reports that the UK's Serious Fraud Office has initiated a criminal investigation into Tata Steel's UK operations.
The news has come at a time when Tata Steel was looking to exit UK operations.Following the report, the stock declined 1.25 per cent to hit a low of Rs 319.90 on BSE. The scrip was trading almost flat as the session progressed.
Examined documents have affected 500 customers, including BAE and Rolls-Royce, Telegraph said, citing a source. On Thursday, there were reports that the company was on the verge of announcing the sale of its Scunthorpe unit to Greybull Capital and was also in advanced talks with Germany's ThyssenKrupp for a joint venture with its Netherland unit.
Tata Steel Limited is a large Indian multi-national steel manufacturing company having operations in 26 countries and commercial presence in over 50 countries. The Tata group firm is the world's second most geographically diversified steel producer.
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