MUMBAI: Shares in Tata Sons companies fell in early trade on Tuesday after India's biggest conglomerate shocked the Indian business world and abruptly sacked its chairman Cyrus Mistry.

In a statement Tata Sons, the holding company of the massive $100 billion Tata Group, said Monday its board had voted to replace Mistry, four years after he became its first chief from outside the immediate Tata family.

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