Tata Teleservices says no undue favours to Sivasankaran

The directors said it is incorrect to suggest that any undue benefits were granted to the Siva Group

The board of Tata Teleservices has given a clean chit to Chennai-based entrepreneur, C Sivasankaran saying the allegations by former Tata group chairman Cyrus Mistry that undue favours worth Rs 600 crore were given to Sivasankaran because of his proximity to group patriarch Ratan Tata are untrue.

In its annual report for the year ended March 2017, Tata Teleservices director Ishaat Hussain and MD and CEO N Srinath said it has also been alleged by Mistry in the National Company Law Tribunal (NCLT) that the Siva Group has unduly benefited by Rs 600 crore through contracts granted by the company to