Former Solicitor General Mohan Parasaran Confirms Role In Tata-Mistry Split 

Also Read: Did Ratan Tata Force Cyrus Mistry Out?

In an abrupt move post market hours on Monday, the Tata Group announced that Cyrus Mistry is being replaced as chairman and that Ratan Tata will take over as interim chairman.

A five-member search committee consisting of Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya has been given the task of finding a new chairman in the next four months.