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Mistry sacked as Tata chief; Ratan Tata returns

By The Assam Tribune
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MUMBAI, Oct 24 - In a sudden and dramatic turn of events, Cyrus Mistry was today sacked as Chairman of India�s largest conglomerate Tata Group and replaced by his predecessor Ratan Tata in the interim, triggering a possible confrontation between the single-largest shareholder and the company�s founding family.

Mistry�s family firm Shapoorji Pallonji Group that has 18.4 per cent in Tata Sons � the holding company of $100-billion salt-to-software conglomerate � is believed to be considering fighting out the �illegal� removal. � PTI

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Mistry sacked as Tata chief; Ratan Tata returns

MUMBAI, Oct 24 - In a sudden and dramatic turn of events, Cyrus Mistry was today sacked as Chairman of India�s largest conglomerate Tata Group and replaced by his predecessor Ratan Tata in the interim, triggering a possible confrontation between the single-largest shareholder and the company�s founding family.

Mistry�s family firm Shapoorji Pallonji Group that has 18.4 per cent in Tata Sons � the holding company of $100-billion salt-to-software conglomerate � is believed to be considering fighting out the �illegal� removal. � PTI

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