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Jun 20, 2017 01:19 PM IST | Source: PTI

Airbag-maker Takata dives 20% on bankruptcy fears

The embattled stock finished the day at 324 yen (USD 2.90), tumbling by nearly 20 percent.

Japanese airbag-maker Takata's shares dived again today, losing one-third of their value in just two days of trading on reports the troubled airbag maker will file for bankruptcy protection and sell its assets to a US company.

The embattled stock finished the day at 324 yen (USD 2.90), tumbling by nearly 20 percent — its maximum daily loss limit — on the Tokyo Stock Exchange, after it plunged 16.5 per cent yesterday.
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