Shares in Tata Sons companies fell in early trade on Tuesday (25) after India’s biggest conglomerate shocked the Indian business world and abruptly sacked its chairman Cyrus Mistry. In a statement Tata Sons, the holding company of the massive $100 billion (£82 billion) Tata Group, said Monday (24) its board had voted to replace Mistry, four years after he became its first chief from outside the immediate Tata family. It added that 78-year-old Ratan Tata, one of India’s most famous industrialists, would return to the helm of the company until a successor is found, which would likely to take four…
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