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Cyrus Mistry Exit

Face of Tata group to change in next decade, Ratan Tata says

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

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

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.

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NCLT rejects Cyrus Mistry's plea against mismanagement at Tata Sons

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

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

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

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

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

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

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

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

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

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

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.’

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