June 18, 2018 / 5:30 AM / a month ago

BUZZ-India's Tata Steel hits over 3-week low

** Shares of Tata Steel Ltd drop as much as 2.6 pct to 551 rupees, their lowest since May 24

** Stock posts its biggest intraday pct loss since June 1

** Top shareholders of Thyssenkrupp AG are sceptical about the plan to combine European steel operations with Tata Steel, and have discussed voting against the proposal at a board meeting as early as next week, according to a Bloomberg report here

** Talks between Thyssenkrupp and Tata Steel to create Europe’s No.2 steelmaker are in final stages

** Stock has fallen 14.4 pct this year up to Friday’s close

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