July 18, 2026 03:47 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India's Rail Revolution Begins: First Hydrogen train hits the tracks | Tragedy in Bengal: Two children among three killed as train hits school van | Europe's killer heatwave claims nearly 10,000 lives, UN sounds global alarm | 'Why introduce a new language in Class 9?' Supreme Court questions Centre's policy | 'Save Sonam Wangchuk's life': Delhi High Court to Centre as hunger strike enters Day 19 | Atul Kulkarni observes one-day fast in support of Sonam Wangchuk, urges Centre to initiate dialogue | Argentina stun England with late rally to storm into FIFA World Cup 2026 final | 'He could die in two days': Delhi HC plea seeks force-feeding of Sonam Wangchuk as fast enters Day 18 | 'Tonight's defeat is hard to take': Emmanuel Macron reacts after France crash out of World Cup, congratulates Spain | Spain cruise past France to storm into FIFA World Cup 2026 final with clinical 2-0 victory

Tata Sons slams Cyrus Mistry for e-mail leak to press

| | Oct 28, 2016, at 05:11 am
Mumbai, Oct 27 (IBNS): In a strong worded statement, Tata Sons has refuted the allegations levelled by Cyrus Mistry, who was removed as the chairman of the group on Monday and also slammed him for leaking to press the "confidential" e-mail sent to the Board.

In its statement, Tata Sons claimed that : "As the Executive Chairman, he (Cyrus Mistry) was fully empowered to lead the group and its companies. It is unfortunate that it is only on his removal that allegations and misrepresentation of facts are being made about business decisions that the former Chairman was party to for over a decade in different capacities. The record, as and when made public, will prove things to the contrary."

Mistry, who was sacked on Monday, wrote a five-page note to board members, which was allegedly leaked to the press.

In the note, he has described his removal as "shocking" and illegal.

He also alleged that his authority was undermined by the constant interference of Ratan Tata.

Responding to the move, Tata stated: "It is a matter of deep regret that a communication marked confidential to Tata Sons board members has been made public in an unseemly and undignified manner."

The company also said that it will respond to all charges " in an appropriate manner."

"The correspondence makes unsubstantiated claims and malicious allegations, casting aspersions on the Tata group, the Tata Sons board and several Tata companies and some respected individuals. These will be responded to in an appropriate manner," the statement said.

Mistry, the former Chairman of Tata Sons, has been on the Board of the Company since 2006.

He was appointed Deputy Chairman in November, 2011, and formally appointed Chairman of Tata Sons on December 28, 2012.

Tata Sons on Monday announced that its board has replaced Cyrus P. Mistry as Chairman of Tata Sons.

The decision was taken at a Board meeting held here.

The Board has named Ratan N. Tata as Interim Chairman of Tata Sons.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm