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Mistry Steps Down From Tata Companies Amid Fight With Scion

  • Ousted chairman plans to shift battle to larger legal platform
  • Six Tata Group companies asked shareholders to remove Mistry
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Mistry Resigns From Tata Companies

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Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies on the eve of shareholder meetings to remove him and pledged to take the fight with the scion of the $100 billion conglomerate to a “larger platform.”

Mistry stepped down as a director in Tata Steel Ltd., Tata Chemicals Ltd., Tata Global Beverages Ltd., Tata Power Co. and Indian Hotels Co., and as chairman of Tata Motors Ltd., the six companies said in stock exchange filings. Shareholders of Tata Consultancy Services Ltd. last week removed Mistry as a director.