Shares of Tata Group stocks were under selling pressure reacting to Cyrus Mistry's ouster as Chairman. In a sudden move, Tata Sons board replaced Mistry by Ratan Tata to run the USD 100 billion salt-to-software conglomerate.
Shares of Tata Group stocks were under selling pressure reacting to Cyrus Mistry's ouster as Chairman. In a sudden move, Tata Sons board replaced Mistry by Ratan Tata to run the USD 100 billion salt-to-software conglomerate.
In November 2011 Mistry was appointed Deputy Chairman of Tata Sons, whose board he had entered in 2006. He was made chairman on the basis of his representation from Shapoorji Palonji, the largest shareholder in Tata Sons.
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