ALSO READFull text: Cyrus Mistry defends independent directors of Tata Sons Boardroom war: Ratan Tata, Cyrus Mistry to face each other this week Didn't expect such deviousness from Mistry: Full text of Tata Sons' letter Full text: Cyrus Mistry statement rebuts Tata claims on management structure Boardroom battle with Mistry escalates: Takeaways from Tata Sons' 9-page letter
Here is the full text of Tata Son's statement:
Tata Sons Ltd has taken note of the public announcement of the resignation by Mr. Cyrus Mistry from the Boards of Tata Companies. Mr. Mistry's resignation is a deliberate strategy on his part, knowing fully well that the overwhelming majority of the shareholders were not in support of his actions.
Tata Sons has responded to his charges on multiple occasions and will respond adequately to any allegations made by Mr. Mistry. Tata Sons strongly resents the claims by Mr Mistry to align with the values and ethics of Jamsetji Tata and the Tata Group. On the contrary, Mr. Mistry and his family companies have not upheld the high standards and values set by Jamsetji Tata and his successors. Mr. Mistry has done precious little to build the goodwill of the Tata Group, built through the hard work and dedication of its employees.