Latest News Update

Tata Sons releases nine page letter; Says Mistry betrayed trust

Cyrus out from TCS

Mumbai:  Tata Sons launched a scathing attack on ousted chairman Cyrus Mistry and removed him from chairmanship of Tata Consultancy Service (TCS) on Thursday. He was sacked as Tata Sons Chairman on October 24.

In the nine-page statement Tata Sons released, Ratan Tata alleged Mistry of betraying trust and trying to control operations of the main firms of the group.

A few days after the board of Tata group company Indian Hotel Co. Ltd (IHCL) strongly supported Mistry, another group company Tata Consultancy Service (TCS) removed him as chairman in an announcemeIshaat Hussainnt made to the stock exchanges about it. Tata Sons have also sought a special meeting of the board of another group company, Indian Hotels to remove Mistry from its director po

On the other hand, Tata Sons nominated Ishaat Hussain, a director on the board of TCS as interim chairman of the company in place of Mistry.


Most Popular

To Top