Asked Mistry to step down as Tata Chemicals Chairman: Bhat
After resigning as Tata Chemicals non-executive director, Bhaskar Bhat said he asked Cyrus Mistry to step down as Chairman as his continuance posed ‘great risk’ to the firm amid loss of confidence by Tata Sons. “[R]upture, loss of confidence in the Chairman would significantly impact Tata Chemicals,” he said. Earlier, Tata Chemicals independent directors backed Mistry as its Chairman.