News Nation Logo


Mistry was offered opportunity to step down voluntarily which he rejected, says Ratan Tata

Interim Chairman Of Tata Sons, Ratan Tata Has Opened Up To The Unceremonious Exit Of Cyrus Mistry From The Post Of Tata Sons, Group Chairman.

News Nation Bureau | Edited By : Ashish Ranjan | Updated on: 07 Dec 2016, 09:40:01 PM
Ratan Tata (Image: Getty)

New Delhi:

Interim chairman of Tata Sons, Ratan Tata has opened up to the unceremonious exit of Cyrus Mistry from the post of Tata Sons, Group Chairman.

Ratan Tata has said that Tata Sons decided to remove Cyrus Mistry as relationship with him steadily deteriorated and attempt to remediate went unheeded.

While speaking to shareholders, Tata said that Mistry was offered an opportunity to step down voluntarily from the Chairman position which he rejected.

Tata also said that Tata Sons removed Mistry as it lost confidence in him and his ability to lead the Tata Group .

For all the Latest Business News, Companies & Commodities News, Download News Nation Android and iOS Mobile Apps.

First Published : 07 Dec 2016, 07:41:00 PM