Tata Sons renews appeal
Cyrus Mistry
Mumbai - Arab Today
Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from their boards, saying that his presence as chairman “is likely to lead to fragmentation of the Tata Group.”
The appeal by Tata Sons came days ahead of key meetings at six group companies, including Tata Motors and Tata Consultancy Services, when shareholders are expected to vote on removing Mistry from their boards.
In a four-page letter, Tata Sons said that Mistry misled the selection committee set up in 2011 to select a chairman of Tata Sons to succeed Ratan Tata.
Source: Arab News
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All rights reserved to Arab Today Media Group 2023 ©
