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Full text of Tata Sons' response to Cyrus Mistry's statement

Cyrus Mistry on Monday said in a statement that he was resigning from all listed Tata Group firms

BS Web Team  |  New Delhi 

Bombay House
Bombay House

responded to Cyrus Mistry's statement announcing his from all listed companies in the group, claiming the allegations made by the ousted chairman were "baseless, unsubstantiated and malicious". It also said that it will do whatever it takes to protect the interests of all stakeholders of the Tata Group.

Here is the full text of Tata Son's statement:

Ltd has taken note of the public announcement of the by Mr. from the Boards of Tata Companies. Mr. Mistry's is a deliberate strategy on his part, knowing fully well that the overwhelming majority of the shareholders were not in support of his actions. 

Unfortunately, Mr. Mistry continues to make baseless, unsubstantiated and malicious allegations using selective disclosures of information against the very institution he claims to have the highest regard for.

has responded to his charges on multiple occasions and will respond adequately to any allegations made by Mr. Mistry. 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.

Mr. Mistry has been a director of since 2006 and as such was fully involved in all the key decisions that the Tata Group had taken over the years. It is unfortunate that it is only on his removal as chairman that he began making allegations and misrepresentations about business decisions he was party to for over a decade. 

As Tata Group, we are committed to upholding the highest standards of ethics and value systems put in place by the Founders. It is these that have made the Group what it is today. We will do whatever it takes to protect the interests of all stakeholders of the Tata Group. 

Full text of Tata Sons' response to Cyrus Mistry's statement

Cyrus Mistry on Monday said in a statement that he was resigning from all listed Tata Group firms

Cyrus Mistry on Monday said in a statement that he was resigning from all listed Tata Group firms
responded to Cyrus Mistry's statement announcing his from all listed companies in the group, claiming the allegations made by the ousted chairman were "baseless, unsubstantiated and malicious". It also said that it will do whatever it takes to protect the interests of all stakeholders of the Tata Group.

Here is the full text of Tata Son's statement:

Ltd has taken note of the public announcement of the by Mr. from the Boards of Tata Companies. Mr. Mistry's is a deliberate strategy on his part, knowing fully well that the overwhelming majority of the shareholders were not in support of his actions. 

Unfortunately, Mr. Mistry continues to make baseless, unsubstantiated and malicious allegations using selective disclosures of information against the very institution he claims to have the highest regard for.

has responded to his charges on multiple occasions and will respond adequately to any allegations made by Mr. Mistry. 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.

Mr. Mistry has been a director of since 2006 and as such was fully involved in all the key decisions that the Tata Group had taken over the years. It is unfortunate that it is only on his removal as chairman that he began making allegations and misrepresentations about business decisions he was party to for over a decade. 

As Tata Group, we are committed to upholding the highest standards of ethics and value systems put in place by the Founders. It is these that have made the Group what it is today. We will do whatever it takes to protect the interests of all stakeholders of the Tata Group. 
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Business Standard
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Full text of Tata Sons' response to Cyrus Mistry's statement

Cyrus Mistry on Monday said in a statement that he was resigning from all listed Tata Group firms

responded to Cyrus Mistry's statement announcing his from all listed companies in the group, claiming the allegations made by the ousted chairman were "baseless, unsubstantiated and malicious". It also said that it will do whatever it takes to protect the interests of all stakeholders of the Tata Group.

Here is the full text of Tata Son's statement:

Ltd has taken note of the public announcement of the by Mr. from the Boards of Tata Companies. Mr. Mistry's is a deliberate strategy on his part, knowing fully well that the overwhelming majority of the shareholders were not in support of his actions. 

Unfortunately, Mr. Mistry continues to make baseless, unsubstantiated and malicious allegations using selective disclosures of information against the very institution he claims to have the highest regard for.

has responded to his charges on multiple occasions and will respond adequately to any allegations made by Mr. Mistry. 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.

Mr. Mistry has been a director of since 2006 and as such was fully involved in all the key decisions that the Tata Group had taken over the years. It is unfortunate that it is only on his removal as chairman that he began making allegations and misrepresentations about business decisions he was party to for over a decade. 

As Tata Group, we are committed to upholding the highest standards of ethics and value systems put in place by the Founders. It is these that have made the Group what it is today. We will do whatever it takes to protect the interests of all stakeholders of the Tata Group. 

image
Business Standard
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