It was probably the last straw
for Tata Motors when two of their security guards were beaten up by a mob .What
was worse is that this happened in the night despite heavy police presence
early on Tuesday. Both guards sustained severe injuries and are now
recuperating. Less than 24 hours after this incident the crew at the Tata
factory in Singur have been told to slowly start moving out all their manufacturing
equipment and relocate.Though no formal announcement has been made that the Tatas
have finally decided to walk out of West Bengal with their Nano, it is quite
safe to assume the same.
With a share rights issue expected
to hit the market next month, this development will undoubtedly cause confusion
in investors’ minds, unclear about the future.
It was probably the last straw
for Tata Motors when two of their security guards were beaten up by a mob .What
was worse is that this happened in the night despite heavy police presence
early on Tuesday. Both guards sustained severe injuries and are now
recuperating. Less than 24 hours after this incident the crew at the Tata
factory in Singur have been told to slowly start moving out all their manufacturing
equipment and relocate.Though no formal announcement has been made that the Tatas
have finally decided to walk out of West Bengal with their Nano, it is quite
safe to assume the same.
