InvestorQ : Why has the debate between Ratan Tata and Cyrus Mistry come into public all over again?
NISHA Nayak made post

Why has the debate between Ratan Tata and Cyrus Mistry come into public all over again?

Answer
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3 months ago


The debates have been going on since the time Cyrus Mistry was removed from the post of Chairman of Tata Sons in October 2016. Now, Mistry has claimed that the questions raised by him over Tata Group investments in Nano Car and in Tata Steel Europe have been vindicated as the losses are actually beginning to show. Mistry is the largest shareholder in Tata Sons and is seeking proportionate representation in the board, which the Tatas have not been willing to give. Some questions raised by Mistry pertained to the Rs.60,000 crore loss in Tata Tele and the continuation of the Mundra project of Tata Power, which had yielded nothing despite investing Rs.18,000 crore. Mistry is of the view that the Tata group had been largely bailed out by the performance of just one company; TCS. The losses in most of the other projects were beginning to show.