💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Ratan Tata in letter says will maintain 'Tata culture and value system'

Published 11/01/2016, 09:48 AM
Updated 11/01/2016, 09:50 AM
© Reuters. Ratan Tata, interim chairman of India's Tata group, leaves his office building in Mumbai

MUMBAI (Reuters) - Ratan Tata, interim chairman at the Tata Sons conglomerate, reassured employees on the future of the group and its companies, in a letter seen by Reuters on Tuesday.

Tata reinstated that the decision to change the leadership at Tata Sons was a difficult but well-deliberated one taken for the future success of the group, and to maintain the Tata culture and value system.

© Reuters. Ratan Tata, interim chairman of India's Tata group, leaves his office building in Mumbai

The letter, sent to employees on Tuesday, comes a week after Tata sacked its chairman Cyrus Mistry. The ousted chairman and the Tata group have traded barbs in public on a near daily since then.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.