Oct 18, 2016 08:48 AM IST IST | Source: Moneycontrol.com
Tata Group to gain from Brexit, fall in pound sterling
Brexit as well as the resulting decline in the value of the British currency will be beneficial for the Tata Group, reports Business Standard.
Tatas' manufacturing units in the UK, such as Tata Motors and Tata Steel, will gain from the sharp decline in the pound ever since the UK had voted to quit the Union on June 23.
However, exporters such as Tata Consultancy Services, Tata Communications and Tata Global Beverages, could face headwinds from lower margins.
The pound has lost almost 19 percent of its value against Indian rupee since the Brexit referendum.