Cyrus Mistry is not giving up chairmanship of all group companies; chairs Tata Beverages board meet
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This was indicated after Mistry chaired a regular board meeting of Tata Global Beverages (TGBL) at Bombay House.
As per reports, Mistry held regular discussions in the four-hour long meeting and took stock of company’s operations and progress.
It remains to see for how long Mistry will continue as the Chairman of other groups such as TCS, Tata Steel,
If he doesn’t resign on his own, it might become difficult for these companies to terminate him as it is a long and cumbersome procedure.
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