With the removal of the Chairperson of the TATA Sons group, the new CEO Ratan Tata is now looking for a new partner to handle the shares and stats. Cyrus Mistry was among a major stake holder of the Tata group and after his removal; his shares are to be bid for the betterment of the conglomerate company.
Now the question arises, should Mistry agree to sale is share? And yes, if he does how much he expect for its 18.4 per cent of Tata shares.
However Mistry’s approach doesn’t seem to be nice as he agitated that the company had many flaws within and will survive heavily if they are brought into write-down. He accused that the company could lose about $18 billion and the total net worth of the company is $26 billion. So, if the company loses this $18 billion they will only be left with $8 billion.
