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Cyrus Mistry Exit News
Cyrus Mistry Exit
Face of Tata group to change in next decade, Ratan Tata says
Thu, Sep 21, 2017
Hinting at consolidation and possible divestments of certain businesses which once defined the group, Tata said the conglomerate may look very different in the next decade, although the 150-year-old group will always strive to retain its culture.
Cyrus Mistry appeals against NCLT rejecting waiver plea in Tata case
Fri, Apr 21, 2017
They had urged the NCLT to use its discretion and waive an eligibility condition for filing such a petition.
Setback for Cyrus Mistry: NCLT dismisses petition
Mon, Apr 17, 2017
This is the fifth time the company law tribunals rejected reliefs requested by Shapoorji Pallonji Group companies and former Tata Sons chairman Cyrus Mistry.
NCLT rejects Cyrus Mistry's plea against mismanagement at Tata Sons
Mon, Mar 06, 2017
Cyrus Investments and Sterling Investments, both Mistry family-owned businesses, had filed the petition against Tata Sons.
Tata Sons shareholders remove Cyrus Mistry from its board
Mon, Feb 06, 2017
On January 6, the board had said that the the integrity of the board proceedings is being jeopardised by Mistry’s continuation as a director.
Cyrus Mistry vs Tata: National Company Law Tribunal did not grant any interim relief, says Tata Sons
Thu, Dec 22, 2016
Tata Sons on Thursday said that the National Company Law Tribunal (NCLT) did not grant any interim relief to Cyrus Mistry's petition.
Tata stocks gain as Cyrus Mistry resigns from boards
Tue, Dec 20, 2016
Mistry resigned from entire Tata Companies. He was on board of seven listed Tata companies namely - Tata Chemicals, Tata Consultancy Services, Tata Motors, Tata Steel, Indian Hotel, Tata Teleservices and Tata Power.
After TCS, Tata Teleservices' shows Cyrus Mistry the exit gate
Wed, Dec 14, 2016
It said,"The Extraordinary general meeting was held on Wednesday and the ordinary resolution was passed unanimously as a result of which CP Mistry has ceased to be a Director and consequently Chairman of the Tata Teleservices with immediate effect."
Key test for Tata, Mistry as TCS shareholders vote tomorrow
Mon, Dec 12, 2016
The Mistry camp had lashed out at his removal as Chairman of TCS calling it as a reflection of "cloak and dagger" machinations that define "the angry strategy of the Ratan Tata camp".
Mistry urges shareholders to define the future at Tata Group
Mon, Dec 05, 2016
Cyrus Mistry saga continued on Monday with the ousted chairman writing a 14 page letter to shareholders before the upcoming EGMs, questioning the governance methods of the Tata Group.
Board fights will have no impact on Tata Group, Moody's says
Wed, Nov 30, 2016
Kaustubh Chaubal, a Moody's Vice President and Senior Analyst said, "We expect that Tata Sons can continue to extend support to its key operating companies, should the need arise, owing to its substantial cash holdings and the significant value of its listed equity investments, and despite an ongoing boardroom reshuffle."
Tata Chemicals EGM to consider removal of Cyrus Mistry, Nusli Wadia
Mon, Nov 28, 2016
Tata Sons' statement said, "Nusli Wadia acting in concert with Cyrus Mistry has been acting against the interests of Tata Chemicals and its principal shareholder by galvanising independent directors and mobilising opinion, forcing disruptions, and issuing a statement that in our view is contrary to the interests of the company."
TCS says Cyrus Mistry's removal in best interest of co
Mon, Nov 21, 2016
It further said, "Mistry’s conduct has caused enormous harm to the Tata group, TCS and its stakeholders, including employees and shareholders. Following it, TCS are in agreement with removal of Mistry as Director of the company as the same would be in the best interests of TCS."
Tata Steel says ‘No comment’ to Cyrus Mistry's $18 billion write-down letter
Thu, Oct 27, 2016
Responding to the scathing letter written by ex-Chairman Cyrus Mistry, Tata Steel on Thursday said that the company has followed all the guidelines and has 'nothing further to comment.’