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Tata Sons Ensured Cyrus Mistry Ouster From Tata Steel Director Position

Tata Sons startegix team neutralized Cyrus Mistry attempt to hold on the Director position in Tata Steel board. Readers must be wonder that why I analyzed the same? Cyrus Mistry initiated sell off UK operation to reduce the temporary losses. The fire sell of plants had a potential of damaging Tata Brand internationally as well as thousand of Job losses.The major differences between Tata Trust and Cyrus Mistry started cropping from their. Post sacking Cyrus Mistry from Chairmanship of Tata Sons,Ratan Tata led strategic team proactively got engaged with union of respective plants in UK and announced £1 Billion support spanning 10 years in return of certain concession from labour union on multiple front.
The anouncement got reflected in Tata Steel share counter. Rating agency also stated that company rating will not affected due to boardroom saga. The move by Ratan Tata led team got major appreciation from UK media and it will help Tata to secure support from FPI's which hold 13% equity in Tata Steel whereas Tata Sons hold 31%. None of the investor want to see major write off's and Metal industry is on rebound which will trun UK operation to be the next cash cow for TataSons . As expected that MF's or Insurer will either vote or abstain will help Tata Sons to ensure ouster of Cyrus Mistry out of the Tata Steel Board Room
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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