Tata Sons’ Nov 11 ad a brazen attempt to mislead public: Cyrus Mistry’s office

In a statement, Mistry's office said group centre, reporting to Cyrus Mistry, drew remuneration only from Tata Sons.

By: Express Web Desk | New Delhi | Updated: November 15, 2016 5:52 pm
Cyrus Mistry, Ratan tata, Tata Mistry, Cyrus Mistry news, Tata Sons, Tata Group, Tata Sons Cyrus Mistry Ratan Tata (L) with Cyrus Mistry.

Lashing out at Tata Sons for it’s November 11 advertisement rebutting ousted chairman Cyrus Mistry’s allegations, Cyrus Mistry’s office on Tuesday said it is another brazen attempt to mislead the public and shareholders. In a statement, Mistry’s office said group centre, reporting to Cyrus Mistry, drew remuneration only from Tata Sons. Mistry didn’t approach any businesses with view to do a quick cleansing so that he could demonstrate decent results.”

In the meantime, the Tata-Mistry spat continues to rage as Ratan Tata today met Finance Minister Arun Jaitley. Tata, who reportedly wrote to Prime Minister Narendra Modi informing him about the changes at the over USD 100 billion group within hours of Tata Sons bringing him back in place of Mistry, met Jaitley for over 30 minutes.

ALSO READ: Ratan Tata meets Arun Jaitley as boardroom battle rages with Cyrus Mistry

The 78-year-old chieftain refused to comment on the discussion with Jaitley, who also heads the Corporate Affairs Ministry. Besides Jaitley, Tata is believed to have sought meeting with Prime Minister. Mistry too had sought meetings with Modi and Jaitley. The government has so far stayed clear of the row calling it an internal affair of Tata Sons.

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  1. S
    Nov 15, 2016 at 1:11 pm
    Mistry the squatter is trying to mislead the viewers with old irrelevant stories.lt;br/gt;Being incompetent, he neither did quick cleansing or show decent results but only was trying to dismember and sell off Hotels, Factories, etc. Despite being a board member of Tata Sons from 2006, Mistry's contribution after taking over the reins is only to increase their liabilities and was planning to writeoff ets in the name of cleansing. lt;br/gt;In Business earning profit and loss is cyclical and instead of making efforts to improve and control the situation, he only keeps complaining about the past ignoring his present role. He cannot manage Tata Companies and if allowed to continue will downsize the empire and bring it below the size of his father's company.