Cyrus Mistry Removed As Chairman of Tata Sons: Here’s What Happened

 

In a surprise move, Tata Sons on Monday removed Cyrus Mistry as its Chairman, nearly four years after he took over the reins of the over USD 100 billion salt-to-software conglomerate. The decision was taken at a Board meeting held in Mumbai.

Ratan Tata, who Mistry had replaced on December 29, 2012, has been appointed as interim Chairman for four months during which a search committee will look for a replacement.

  1. S
    Sankaran Krishnan
    Oct 25, 2016 at 8:09 am
    Though Market Intelligence Report says that something fishy is going to happen and based on that the Stocks are also sold in the secondary market, but still it surprises that the change will take place at the TOP and of course there are certain sections which are not at all happy the way Mr. Mistry handled the issue and now let us see how it reshapes in the coming months and who is going to take over Mr.Mistry is the BIG ???
    Reply