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BANGKOK/MUMBAI — Shares in India’s Tata Motors fell after its managing director Karl Slym died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide.

Slym, 51, had attended a board meeting of Tata Motors’ Thailand unit in the Thai capital and was staying with his wife in a room on the 22nd floor of the Shangri-La hotel. Hotel staff found his body on Sunday on the fourth floor, which juts out above lower floors.

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“We didn’t find any sign of a struggle,” Police Lieutenant Somyot Boonyakaew, who is heading the investigation, told Reuters.

“We found a window open. The window was very small so it was not possible that he would have slipped. He would have had to climb through the window to fall out because he was a big man. From my initial investigation we believe he jumped.”

Following news of Slym’s death, Tata Motors stock closed down 6% at 347.8 rupees.

The police found a three-page note, written in English, which they were translating into Thai. An autopsy on Slym’s body was conducted on Monday, the police said, without giving any details.