Shares of Tata Power tumbled 4% on Thursday after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitration award over a dispute with investor Kleros Capital Partners.
Tata Power shares sharply dropped to Rs 349.50 apiece on Thursday morning, the lowest level seen by the stock since early February this year. The stock is on track to record the sharpest single-day fall in nearly 17 months.
