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Ratan Tata met Modi after Cyrus Mistry was sacked: report

Mumbai: Ratan Tata and sacked Tata Sons chairman Cyrus Mistry met Prime Minister Narendra Modi to brief him of the upheaval in the $100 billion salt-to-software conglomerate.

According to reports, Mistry, who was unceremoniously removed as chairman of Tata Sons by its board earlier this week, met Modi on Thursday and explained his view of the events. Subsequently, Tata met the Prime Minister on Friday and in a 20-minute chat, briefed the PM about the board level changes in the company.

According to reports, Tata also called finance minister Arun Jaitley on the day the Tata Sons board sacked Cyrus, and apprised him of the circumstances of the sacking.

Mistry had levelled allegations of poor decision-making costing Tata firms billions of dollars and virtually accused Ratan Tata of not allowing him a free hand.

The Tata Sons board named a five-member search committee, which includes Tata, to choose a successor to Mistry within four months. Meanwhile, Tata is temporarily back as the chairman.

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