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Cyrus Mistry gives up the battle but set for a bigger war with Tatas

Cyrus quits six Tata firms, says will take legal route; Tata Sons calls charges baseless

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Tata Vs Mistry

Dev Chatterjee  |  Mumbai 

After a bitter eight-week boardroom battle against Ratan Tata’s “illegal coup”, ousted Tata Sons chairman Cyrus Mistry on Monday quit from the boards of six listed companies, including Tata Motors and Indian Hotels.

He vowed to shift his fight to a “larger platform” as the “coercive action taken by Tatas against various stakeholders was making him uneasy”. In an interview to Business Standard, Mistry promised to take his fight against the Tatas to a legal forum but did not give details. “In the past eight weeks, I saw a lot of coercive ...

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First Published: Tue, December 20 2016. 08:22 IST