1. Tata Group exposed to perilous violation of regulatory requirements: Cyrus Mistry

Tata Group exposed to perilous violation of regulatory requirements: Cyrus Mistry

Cyrus Mistry has today alleged that individuals who are prone to "impulsive control" have exposed the conglomerate to perilous violation of regulatory requirement.

By: | New Delhi | Published: December 6, 2016 9:09 PM
Mistry's fight today is to protect the Tata Group from capricious decision-making by the Interim Chairman, his office said. Mistry’s fight today is to protect the Tata Group from capricious decision-making by the Interim Chairman, his office said.

Former Tata Sons chairman Cyrus Mistry has today alleged that individuals who are prone to “impulsive control” have exposed the conglomerate to perilous violation of regulatory requirements, adding that said his fight is to protect the company from “capricious” decision-making by Interim Chairman Ratan Tata.

Cyrus Mistry, while rejecting that he was trying to take over control over entire activities of the group furheralleged that those who were seeking to procure unpublished price sensitive information from listed group firms, breaking down governance.

In a statement, his office said, “Mr Mistry’s fight today is to protect the Tata Group from capricious decision-making by the Interim Chairman.”

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