Tata Steel ousts Cyrus Mistry as Chairman; calls EGM on Dec 21

New Delhi, November 26
Boardroom brawl at Tata Group further escalated on Friday as Cyrus Mistry was ousted as Chairman of Tata Steel, the third Tata Group firm to do so, a move that Mistry-camp slammed as unprecedented erosion of core values.
The 10-member board of Tata Steel by “majority consent” removed Mistry as Chairman and named O P Bhatt, an independent director and former head of State Bank of India, as interim head. Tata Steel…

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Updated: November 26, 2016 — 7:42 pm

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