Tata Sons hits back at Cyrus Mistry, urges boards to 'protect the future of Tatas'

On Sunday , Tata Sons said it's reasons to replace Cyrus Mistry should be ‘ seen in the desired perspective. The Tata Sons management will do whatever is required to deal with the situation’.

The statement went on to add - 'In the light of the developments since November 4, 2016, Tata Sons reiterates that it is crucially important for Boards, including independent directors, to consider that their views and positions ensure that the future of Tata companies is protected, taking into consideration the interest of all stakeholders’.

Read the full letter below...

Mumbai, November 13, 2016: Tata Sons, in its statement of November 10, 2016, has already put forward facts so that the decision of the Tata Sons Board, to replace Mr. Cyrus P. Mistry as Chairman, is seen in the desired perspective. The Tata Sons management will do whatever is required to deal with the situation.

In the light of the developments since November 4, 2016, Tata Sons reiterates that it is crucially important for Boards, including independent directors, to consider that their views and positions ensure that the future of Tata companies is protected, taking into consideration the interest of all stakeholders.

Also Read: Questioning the independence of directors by Tatas is unfortunate, says Mistry