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Last Updated : Nov 04, 2016 08:47 AM IST | Source: CNBC-TV18

Tata Sons independent dir may raise concerns over Mistry affair

Sources tell CNBC-TV18 that independent directors of Tata Sons are likely to meet ahead of the November 14 scheduled meeting. They will be discussing the manner in which the Cyrus Mistry affair was handled. It is learnt these directors will also be bringing these concerns to the board.


Sources tell CNBC-TV18 that independent directors of Tata Sons are likely to meet ahead of the November 14 scheduled meeting. They will be discussing the manner in which the Cyrus Mistry affair was handled. It is learnt these directors will also be bringing these concerns to the board.


Three of the four directors CNBC-TV18 spoke to said they were disconnected with the decision taken at Tata Sons and shocked by Mistry’s ouster.


Regarding Mistry’s letter on Nano’s viability, the directors said concerns were raised over the future of the Nano.

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However, one of the directors said that it is not easy to shut down the Nano quickly. They didn’t agree with Mistry that Nano was kept alive only for emotional reasons as mentioned in Mistry’s letter.


The independent directors have said that Cyrus Mistry was an excellent Chairman and he always took a consultative approach.

For entire discussion, watch accompanying video.



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First Published on Nov 3, 2016 09:00 am
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