Clearing the air on intent to sell TCS
Mr Mistry has the greatest respect for Mr Kohli and does not wish to join issue with him on the statement that he has made. Mr Mistry agrees with him that there was no intention of the Tata Group selling TCS to IBM or to any other company. The statement Mr Mistry made was based on information from sources who were close to JRD Tata who informed him that it was Ratan Tata's intention, and not the group's intention, to sell TCS.
Mr Mistry did not say that the ultimate decision was not unanimous, but there were differences and reservations significantly, the fact that Corus was available for purchase at half the price in the recent past is undisputed.
Office of Cyrus P. Mistry
November 23, 2016