ADVERTISEMENT
Cyrus Mistry's Aggressive Email Takes Tata Battle (Even More) Public
Exchanges asked Tata companies to clarify about their financial status Some companies have already submitted their reply to the exchanges Mr Mistry in a letter warned 5 companies can erode $18 billion of value
27 Oct 2016, 04:51 PM IST 
Save
Lawyers cautioned that Cyrus Mistry's letter could be start of a bitter legal battle.
Cyrus Mistry's email to the board of Tata Sons has stunned not just corporate India but social media with its outlining of governance failures, poor decisions and looming writedowns at one of the country's most revered conglomerates.
Mr Mistry's parting shot (he was fired on Monday as Chairman) is five pages long.
The country's two largest exchanges, citing the leaks, have demanded clarity from Tata's 27 listed units.
At least one...
