• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Business

Feb 15, 2017, 04.05 PM | Source: Moneycontrol.com

Ratan Tata wanted Mistry to pursue Tata Motors' deal with Ola

In a letter, which is now also a part of ousted Tata Sons chairman, Cyrus Mistry's National Company Law Tribunal filing (NCLT), Ratan Tata had also questioned the slow decision making at Tata Motors, the Hindu BusinessLine reports.

Like this story, share it with millions of investors on M3

Ratan Tata wanted Mistry to pursue Tata Motors deal with Ola

In a letter, which is now also a part of ousted Tata Sons chairman, Cyrus Mistry's National Company Law Tribunal filing (NCLT), Ratan Tata had also questioned the slow decision making at Tata Motors, the Hindu BusinessLine reports.

Post Your Comments

Share Cancel

| 13 Comments
Moneycontrol Bureau

After investing in Ola, Ratan Tata had asked Cyrus Mistry to aggressively pursue a proposal to sell Tata Motors ' vehicles to the Indian cab aggregator.

In a letter, which is now also a part of ousted Tata Sons Chairman, Cyrus Mistry's National Company Law Tribunal (NCLT) filing, Ratan Tata had also questioned the slow decision making at Tata Motors, the Hindu BusinessLine reports .

Back in 2015, Ratan Tata had invested in Ola, which  competes with US based Uber. Sources told BL that the letter was sent to Mistry on Septemver 16, 2015.

A Tata group spokesperson told the newspaper that it was not fair to put Ratan Tata's suggestion to work with Ola as being in light of his investment in the company.

"As his letter, dated September 16, 2015, records, the co-founder of Ola Cabs had approached him (Ratan) and mentioned that he found the response from Tata Motors to Ola Cabs’ proposal to make bulk purchases of taxis to be very slow," the spokesperson told BL.

Ratan Tata had made this suggestion as per his conversation with Ola co-founder Bhavish Aggarwal and the company’s interest to acquire 10,000 Nanos and Indicas or Indigos.

Buy, Hold, Sell ? Hear it first on M3
Ratan Tata wanted Mistry to pursue Tata Motors deal with Ola
New Member
1 Follower

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login