I Was in My Office: Ratan Tata Dodges Questions On Mistry’s Ouster

A day after Tata Sons announced that its board had decided to replace Cyrus Mistry as the chairman, Ratan Tata refused to take any questions from the media.

"I was in my office... no development,” Tata said on Tuesday, as he was leaving from Bombay House.

Also Read: I Wasn’t Allowed to Defend Myself: Cyrus Mistry in ‘Protest’ Email

Mistry’s appointment in 2011 was seen as a victory for the Shapoorji Pallonji group, which holds about 18.38 percent in the company.

Cyrus, the youngest son of Pallonji Mistry, was the first non-Tata to be appointed to the helm of the Tata Group. He was also not the most likely contender as the group had decided to launch an international search to find Ratan Tata’s successor.

Also Read: This is Why Ratan Had to Say Tata to Cyrus Mistry