Cyrus Mistry says won’t take up chairmanship of Tata Sons

Mumbai: In a major turn in the Tata-Mistry saga, Cyrus Mistry on Sunday said that he would not take up the chairmanship of Tata Sons or...



Mumbai: In a major turn in the Tata-Mistry saga, Cyrus Mistry on Sunday said that he would not take up the chairmanship of Tata Sons or become director of any Tata Group company but pursue all options to protect the Shapoorji Pallonji Group’s rights as minority stakeholder, including a seat at the Tata Sons’ Board.

He said that his decision has been made in the interests of the Tata Group, “whose interests are far more important than the interests of any individual”.

“To dispel the misinformation campaign being conducted, I intend to make it clear that despite the NCLAT order in my favour, I will not be pursuing the Executive Chairmanship of Tata Sons, or Directorship of TCS, Tata Teleservices or Tata Industries.

-Source: News Agency

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Local Glob: Cyrus Mistry says won’t take up chairmanship of Tata Sons
Cyrus Mistry says won’t take up chairmanship of Tata Sons
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