Tata Sons hits back at Cyrus Mistry, says sad he is crying foul after removal
Advertisement
Advertisement
A day after Cyrus Mistry’s damaging e-mail tore through Tatas most legacy deals,
Tata Sons, in an e-mail, took on Mistry’s claims and said the group will reply in an appropriate manner.
Tata Sons said Mistry was fully empowered as the executive chairman and the Directors reportedly raised concerns and queries on business issues.
“Mistry had full autonomy.
Advertisement
Tata Sons stated that Mistry has made malicious allegations and his actions deviated from Tatas ethos.
READ ALSO: Cyrus Mistry is not giving up chairmanship of all group companies; chairs Tata Beverages board meet
The company said the public spat is beneath us. “It is unforgivable that Mistry has attempted to beseech the image of the group. We will not run away from problems, will firmly deal with them. When records will be made public, they will take on every claim made by Mistry,” stated Tata Sons.
Tata Sons replies come after Mistry, in a strong-worded e-mail, claimed he was just a ‘lame duck’ chairman.
Advertisement
In his five-page e-mail to board members, Mistry said some of the Tata deals were just ‘hotspot legacies’.READ ALSO: This is what Cyrus Mistry wrote to Tata Board. Read the full e-mail here
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- Private Equity Investments
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market