India's Cyrus Mistry denies filing 'caveats'

October 25, 2016 6:58 AM EDT

Tata Group Chairman Cyrus Mistry speaks to shareholders during the Tata Consultancy Services (TCS) annual general meeting in Mumbai, India June 28, 2013. REUTERS/Vivek Prakash/File Photo


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MUMBAI (Reuters) - Former chairman of Tata Sons [TATAS.UL] Cyrus Mistry has denied filing any "caveats" against his former company.

"A caveat is a notice filed by a party fearing legal action seeking notice before action. Tatas have filed caveats seeking notice from Cyrus Mistry fearing legal action. Cyrus has not filed any caveats. He has already made a statement that such concerns are misplaced at this stage," a statement issued by Cyrus Mistry's office said on Tuesday.

On Monday Tata Sons announced Mistry's removal as chairman with company patriarch Ratan Tata taking over while a permanent replacement is sought.

(Reporting by Promit Mukherjee; Editing by Greg Mahlich)



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