MUMBAI:
Cyrus Mistry, who was abruptly removed as Chairman of the Tata Group on Monday, has emailed board members to say he is “shocked” by how he was ousted and that the “board has not covered itself with glory” and he was not given “a chance to defend myself.”
Mistry, 48, has been replaced by his predecessor, Ratan Tata, who is back as top boss of India’s largest conglomerate for four months. As a pre-emptive move against a legal challenge from Mistry, the Tatas have filed caveats or taken action in a series of courts.
Mistry has described his removal as “unprecedented” in India. His office has said that he is not considering a legal move “at this stage”. The board of the $100 billion group has nine members. Six voted to remove Mistry; two abstained; Mistry, per rules, did not get a vote.
more recommended stories
Man Who Came Alive on Funeral Pyre in Jaipur, DiesJAIPUR:A man who came alive on.
Discover Serenity and Adventure at Club Mahindra Assonora, GoaPANAJI:Known for its vibrant beaches and.
Smart Waste Bin Project Wins CSI InApp Global AwardTHIRUVANANTHAPURAM:The smart waste bin project developed.
Bengal Tab Scam: Fraudsters Hired Bank Accounts to Divert FundsKOLKATA:Fraudsters hired over a thousand bank.
No Evidence Linking PM Modi, EAM Jaishankar to Criminal Activity in CanadaNEW DELHI:The Canadian government on Friday.
Progility Technologies Secures Contract to Enhance CIAL’s Digital InfrastructureKOCHI:Progility Technologies, a leading provider of.
Cancel Flights Delayed Beyond 3 Hours, Govt Tells AirlinesNEW DELHI:The Ministry of Civil Aviation.
HREvolve Organises ‘Elevate’ 24’ in Technopark to Address Challenges in HR DomainTHIRUVANANTHAPURAM:‘Elevate’24,’ the one-day conclave organised by.
Australian Consul General Expresses Support for Marketing of Horticultural ProductsKOCHI:Australian Consul General in South India,.
IndusInd Bank and UNICEF Collaborate to Strengthen Climate Risk ManagementMUMBAI:IndusInd Bank and UNICEF announced a.