Ratan Tata writes to stakeholders explaining Cyrus Mistry's removal
In a two-page letter, Ratan Tata said Mistry was removed as chairman because the board of Tata Sons had lost confidence in him and his ability to lead the group.
He also stated that Mistry's presence in the group of companies could have made them "dysfunctional".
Ratan Tata also said that several attempts were take for mediation which were not successful.
Mistry had also been offered an opportunity to step down voluntarily, which he rejected and was then removed, stated Ratan Tata.
Tata's letter comes days ahead of key meetings at six group companies.
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