India's Cyrus Mistry denies filing 'caveats' against Tatas

Tata Sons had announced Mistry's removal as chairman with company patriarch Ratan Tata taking over


Reuters October 25, 2016 Less than a minute read
Tata Group Chairman Ratan Tata and Deputy Chairman Cyrus Mistry attend the launch of a new website for tech superstore Croma, managed by Infiniti Retail, a part of the Tata Group, in Mumbai, India April 23, 2012. PHOTO: REUTERS

Former chairman of Tata Sons [TATAS.UL] Cyrus Mistry has denied filing any "caveats" against his former company.

"A caveat is a notice filed by a party fearing legal action seeking notice before action. Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage," a statement issued by Cyrus Mistry's office said on Tuesday.

Everyone knows where intolerance in India is coming from: Ratan Tata

On Monday Tata Sons announced Mistry's removal as chairman with company patriarch Ratan Tata taking over while a permanent replacement is sought.

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