Ratan Tata in letter says will maintain 'Tata culture and value system'

November 1, 2016 9:47 AM EDT

Ratan Tata, interim chairman of India's Tata group, leaves his office building in Mumbai, India October 27, 2016. REUTERS/Shailesh Andrade


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MUMBAI (Reuters) - Ratan Tata, interim chairman at the Tata Sons conglomerate, reassured employees on the future of the group and its companies, in a letter seen by Reuters on Tuesday.

Tata reinstated that the decision to change the leadership at Tata Sons was a difficult but well-deliberated one taken for the future success of the group, and to maintain the Tata culture and value system.

The letter, sent to employees on Tuesday, comes a week after Tata sacked its chairman Cyrus Mistry. The ousted chairman and the Tata group have traded barbs in public on a near daily since then.

(Reporting by Aditi Shah; Editing by Euan Rocha)



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