Tag: Cyrus P Mistry

Mistry quits from Tata Group firms

After a bitter eight-week boardroom battle against Ratan Tata’s “illegal coup”, ousted Tata Group Chairman Cyrus P Mistry on Monday quit from the boards of six listed companies including Tata Motors and Indian Hotels and vowed to shift his fight to a “larger platform”. In a two-page statement and a recorded video message, Mistry, who …

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December 19, 2016

Mistry vows to continue fight against Tatas

A day after being voted out as TCS' director, Cyrus P Mistry on Wednesday took the moral high ground, saying over 70 per cent of non-promoter shareholders either voted against the resolution to remove him or abstained. He said the voting by minority shareholders of Tata Consultancy Services (TCS) has sent a strong signal that …

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December 14, 2016

Tata Motors market share eroded from legacy products: Mistry

Seeking support from shareholders of Tata Motors Ltd (TML), ahead of December 22 extra-ordinary general meeting, Tata Sons’ ousted Chairman Cyrus P Mistry on Friday said the company had legacy passenger car product lines, which had a large negative contribution, eroding market share and brand perception. In his representation to shareholders, which comes ahead of …

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December 9, 2016