Mistry’s conduct during Welspun deal betrayed his duties: Tata Sons
The acquisition of Welspun required Tata Power to raise debt, which had to be cleared by Tata Sons’ shareholders
Tata Sons on Thursday alleged that its former chairman Cyrus Mistry undermined the Tata Sons board during the acquisition of Welspun’s renewable projects by Tata Power. As per the court documents filed by the company, the matter had significant bearing on Tata Sons, as Mistry did not keep the board informed of his decisions.
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