Tata Sons: We'll do whatever is required to deal with the Cyrus Mistry Situation
Tata Sons: We'll do whatever is required to deal with the Cyrus Mistry Situation
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India's largest conglomerate company, Tata Sons is doing its best to keep the ouster Cyrus Mistry situation in control. The TATA Sons said in their statement that they will do whatever is needed for the betterment of stakeholders and wanted its independent directors to ensure future of Tata companies.

The Company said in its statement on November 10, 2016, it has already put forward facts so that the decision of the Tata Sons board "to replace Cyrus P Mistry as chairman is seen in the desired perspective". 

"The Tata Sons management will do whatever is required to deal with the situation," it said. 

Recently, the 100 billion groups were accused of betrayal and trust issues by Cyrus Mistry, as said by one the Promoting companies of the Tata group. The statement issued by the company said, "In light of the developments since November 4, 2016, Tata Sons reiterates that it is crucially important for boards, including independent directors, to consider that their views and positions ensure the future of Tata companies is protected, taking into consideration the interest of all stakeholders."

 

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