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Last Updated Sunday December 08 2019 03:43 PM IST

Boardroom coup at Tata Sons: Cyrus Mistry replaced by Ratan Tata | story in points

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Cyrus Mistry and Ratan Tata Cyrus Mistry and Ratan Tata | File Photo

» Industrial conglomerate Tata Sons replaced Cyrus P. Mistry as its chairman.

» Ratan N. Tata will be the interim chairman of the company.

» A search committee has been formed to select the next chairman within four months.

» The reason for Mistry's ouster is not clear; some reports say poor performance at group companies are to blame.

» Mistry was chosen as chairman of Tata Sons in November 2011.

» Mistry has said he will contest the decision in court; he will continue to be a member of the board.

Also Read: Cyrus Mistry's removal: battle of families ahead?

» Shares in Tata Group companies dropped a day after the board ousted Mistry.

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