File photo of Cyrus Mistry with Ratan Tata. (Source: PTI)
Weeks after Cyrus Mistry’s scathing letter to the board members of Tata Sons Ltd. and Tata Trusts, Tata Sons has released a detailed statement explaining exactly why they decided to replace Mistry as the Tata Group chairman.
Here is a full reproduction of Tata Sons’ statement sent to media houses.