Tatas were aware of exit strategy for group firms: Report

Ousted Chairman Cyrus Mistry had presented a 10-year vision document to Tata Sons board to reduce concentration risk for the group arising from its IT company TCS and a plan to exit some group firms, sources said. Notably, this follows accusations that Mistry didn’t have a long-term vision and was unilaterally moving to sell parts like Tata Steel’s European business.