On 25 October, 24 hours after Cyrus Mistry was replaced as Chairman of Tata Sons, Mistry wrote a letter via email to members of the Tata Sons board and to trustees of the Tata Trusts.
In the letter, Mistry expresses shock at the “happenings at the board meeting of 24 October 2016”. He details his appointment, Ratan Tata’s interference in the business and the financial challenges faced by many Tata Group companies.
BloombergQuint has a copy of that letter and reproduces it here. Tata Sons has refused to comment on the letter and its contents.
(The article was originally published on BloombergQuint.)
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