Cyrus Mistry ouster: Ratan Tata writes to PM Narendra Modi

Ratan Tata has informed Prime Minister Narendra Modi on Monday about change in the top management of Tata Group.

Mumbai, Oct 24: Ratan Tata has informed Prime Minister Narendra Modi on Monday about change in the top management of Tata Group.

In a shocking development, Tata Sons has announced that it has removed Cyrus P. Mistry as chairman of the salt-to-software conglomerate.

The decision to remove Mistry was taken at a board meeting in Mumbai on Friday, the company said. Ratan Tata, whom Mistry had succeeded, has been called back to be interim chairman.

Tata Sons has not said why it removed Mistry, who had been at the helm of the $108 billion group, India's most prominent and reputed industrial brand, for close to four years.

PTI