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Cyrus Mistry resigns from all Tata Group companies

Ousted Tata Sons chairman Cyrus Mistry on Monday announced his resignation from all listed Tata companies, according to a Times Now report.

In a statement, Cyrus Mistry has said that he will take legal route against the Tatas.

“My efforts were aimed at reforming the system, which may well be the reason for my removal,” Cyrus Mistry has said adding, “Unknown to the world,I had confronted serious governance problems and ethical issues for a considerable period.”

“Nothing cogent has been forthcoming from the Tata’s on my ouster,” Cyrus Mistry has said in the statement.
“I am shifting this battle to a larger platform,” he said adding, ” events of the past 8 weeks have been about saving legacy.”

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