Cyrus Mistry

Will not pursue chairmanship of Tata Group, says Cyrus Mistry

Ousted Chairman of Tata Sons Cyrus Mistry will not pursue the executive chairmanship of the corporate group, or directorship of other Tata firms despite the National Company Law Appellate Tribunal (NCLAT) order in his favour.

In a statement issued late on Sunday, Mr. Mistry said, “I intend to make it clear that despite the NCLAT order in my favour, I will not be pursuing the executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries. I will, however, vigorously pursue all options to protect our rights as a minority shareholder, including that of resuming the 30-year history of a seat at the Board of Tata Sons of TCS, Tata Teleservices or Tata Industries.”

Source: The Hindu